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Treasury Downgrade Soon: Debt Ceiling To Be Breached In A Matter Of Weeks

|Includes:iShares 20+ Year Treasury Bond ETF (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)Click to enlarge
Chart 1: Total Public Debt
Click to enlarge

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