USMC - Weekly Commentary: Scorched Earth

• COVID's precision-like timing was supernatural - nothing short of sinister. A once-in-a-century international pandemic surfacing in the waning days of an unrivaled global financial bubble.
• According to the IIF, U.S. debt is on course to expand about 13% this year to $80 trillion. As a percentage of GDP, U.S. debt jumped from 327% to 378%.
• IIF projections have global debt increasing $70 trillion, or a third, over what will soon be five years of synchronized "Terminal Phase Excess."
• Does Mnuchin's move against the Fed foreshadow a bevy of measures meant to hamstring the new Biden administration and rattle the markets?

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