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$37Trillion debt.
6 decades of trade deficits.
Getting harder to sell those USTs.
For ANY entity, debt levels have a tipping point.
If interest rates on USTs go over ~5%, USA Inc is facing insolvency- at least Trump realises this.
https://unctad.org/topic/trade-analysis/chart-10-may-2021
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It could certainly be a lot better than it is, but everyone else seems to be worse off.