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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.

  • Debt vs. GDP: Today’s Chart of the Day (borrowed from our recent Bitcoin deck, slide 29) illustrates U.S. debt-to-GDP trends since 1962. For decades, this ratio remained relatively stable—until the Global Financial Crisis (GFC), when deficit spending surged and never slowed. The pandemic triggered another acceleration in spending and borrowing.

CHART OF THE DAY: US Debt Spiraling - Picture1