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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • Treasury Downgrade Soon: Debt Ceiling To Be Breached In A Matter Of Weeks 0 comments
    Oct 3, 2012 4:15 PM | about stocks: TLT

    The total public debt (NYSEARCA:TLT) stands at $16,171,037,343,408.57 right now, while it was $16,066,241,407,385.89 a few days ago. That's a major jump upwards...

    Everyone thought the debt would flatten out, but everyone was wrong. At this pace we will rapidly go through the debt ceiling of $16.3 trillion.

    This chart proves it:

    (click to enlarge)
    Chart 1: Total Public Debt

    You can anticipate a major announcement soon about the debt ceiling and maybe a downgrade of the U.S. treasury by Moody's...

    Stocks: TLT
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