The Kobeissi Letter
The Kobeissi Letter
DOGE-2.90%
The US debt crisis is worse than ever before: In May, the US Treasury posted a $316 billion deficit, the third largest ever recorded. Over the last 12 months alone, the budget gap has hit 7% of GDP. This is even higher than during the 2001 or the 1980s recessions. Now, there is a 97% chance of the debt ceiling being hiked again, per @Kalshi. $40 trillion in US debt is on the horizon.
Kalshi
Kalshi
The national debt has crossed $37 trillion. Elon spent significant time and effort, at great personal risk, to solve this epidemic with DOGE, but Washington just keeps adding to the tab. Our markets forecast odds of another debt ceiling hike at 97%. America has a spending addiction.
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