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The Kobeissi Letter
The Kobeissi Letter|Mar 29, 2025 19:57
US debt crisis is set to get even worse: The US Debt-to-GDP ratio is projected to reach a record 156% in 2055, according to the CBO's latest forecast. This is up from 154% estimated in January 2025 projections. The CBO assumes nominal US GDP will grow to 88.4 trillion by 2055. Meanwhile, total federal debt held by the public is set to reach a whopping 138.0 trillion. The worst part? This forecast assumes the US avoids a recession during this entire period. What happens if the economy enters a recession?
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Apr 28, 19:38【The US Treasury Department raises its borrowing expectations for the second quarter】
Apr 28, 18:54【The United States will promote Bitcoin mining】
Apr 28, 17:44【The United States is accepting Bitcoin and the government will continue to support it】
Apr 28, 16:36【The US Securities and Exchange Commission approves ProShares XRP futures】
Apr 28, 16:30【Nexo will return to the United States】
Apr 28, 16:16【Trump's tariffs break historical records】
Apr 28, 16:03【The trade war with Beijing is just a trick】
Apr 28, 15:57【India may sign a new US trade agreement】
Apr 28, 15:28【The US cyber crisis has reduced retailer valuations by nearly £ 700 million】
Apr 28, 14:59【Crypto lender Nexo returns to the United States】

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