DEBT CEILING
Next Wednesday will see a decision on the U.S. Debt Ceiling which currently stands at $20 trillion.
As you all know I am a huge fan of Trump and believe he is the right man for the job.
The Debt has to be at the top of his Presidency Agenda and the World will be focused on this Agenda next Wednesday.
The World is drowning in a sea of Toxic Debt and Derivatives and it is these that are weighing heavily on a fragile and broken Financial System.
Currently the U.S. is adding $4 of new Debt to achieve $1 of additional GDP.
This is simply crazy as it is no different than lifting a bicycle off the ground and peddling like crazy as you realise you are going no where.
As we get closer to the 15th March I expect to see Financial Markets continue their erratic behaviour and volatile trading, together with a total detach from fundamentals, as we have been witnessing since 2008.
Thanks again for reading.
Stephen