Perhaps the markets are realising, things are about to get Biblical, even without factoring in Gaza?'US national debt surged by more than$500 billion in just 20 days to reach $33.5 trillion, according to data provided by the Treasury Department last week.
On September 18, the Treasury reported that the amount of money borrowed by the federal government to cover operating expenses stood at $33.04 trillion. It took Washington three months to drive it from $32 trillion to the current level.
The debt ceiling, which was legally set at $31.4trillion, was surpassed in January 2023.'
Meanwhile, down at the RBA, no doubt they are contemplating selling the last of Australia's meagre gold holdings, so we can move to the safety of US Treasuries, that is interest-bearing debt!
NST, $20 per share before Christmas 2023???
Best looking weekly chart, page-1535
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Last
$12.83 |
Change
-0.070(0.54%) |
Mkt cap ! $14.74B | |||
| Open | High | Low | Value | Volume |
| $12.97 | $13.01 | $12.79 | $33.47M | 2.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22972 | $12.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.84 | 18029 | 4 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |