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Global debt is soaring. US government debt is soaring. And, so day this debt burden is going to have to be dealt with.
The question is, "How Soon?"
As I discussed yesterday, the ability to deal with the debt load is going to depend upon how quickly the US economy recovers from the economic recession it is now in.
Investors have been discouraged in recent days as the Federal Reserve, in its most recent forecasts, suggest that the US economy will decline by 6.5 percent in 2020 and will rise by 5.0 percent in