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Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Risk-Manager-In-Chief Keith McCullough.

As you can see in today’s Chart Of The Day:

  1. From the 1960s to 2008 US Debt-to-GDP had some discipline, ranging between 23-48%
  2. Goldman’s Paulson and The Bernank hit CTRL Print and Debt-to-GDP grew from 39% to 97% (today)

So what’s next post the election? A: more all-time highs in reckless US Deficit Spending and the US Debt. Over the next 30 years (with zero recessions in their models, wars, pandemics, etc.) US Debt-to-GDP is projected by CBO to ramp from 97% to 172%!

CHART OF THE DAY: US Debt Set to Ramp Post Election - chart1