https://www.zerohedge.com/markets/endgame-interest-us-debt-surpasses-1-trillion-first-time-ever-exploding-august-budget
"August budget deficit of a staggering $380 billion, up more than 50% from the $243 billion in July, and up more than 55% from July, and up 66% from last August... oh, and almost $100 billion more than the median estimate of $292.5 billion, which may be why the Treasury quietly snuck the number out by leaking it after 5am ET when everyone was sleeping, not at its regular time of 2pm ET.
That's right, in a year when the monthly budget deficit was meandering along in its merry neo-Chernobyl ways, "not great, not terrible", someone in the BIden admin had the brilliant idea to spend a metric asston of money to reboot the economy last month so we don't get a recession just in time for the elections. And sure enough, government spending went into absolutely epic overdrive last month, as outlays hit a mindblowing $686 billion, the highest since March 2023, and only a handful of crisis months during the covid crash saw greater government spending in any given month."
You people should have known the US would print like crazy last month when there were signs of recession, yen carry. Any problems the FED is right there fixing/inflating things 4 the markets to go higher.
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