BREAKING: Gold just crashed below $4,000.
Over $1.3 TRILLION has been wiped out from gold and silver since yesterday.
Gold falls to a 3-month low while silver drops to its lowest level in 11 months.
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JUST IN: πΊπΈπΊπ¦ President Trump says Ukrainian President Zelensky does not want to end the war against Russia because of all the money Europe is giving him.
Calls for a "Black Monday" are spreading rapidly across social media right now.
If history is any guide, this means the S&P 500 should hit 8,000 soon.
Ignore the noise. Read our analysis below.
The global debt crisis is set to get even worse:
The US fiscal deficit is projected to widen to -6.1% of GDP in 2027, its largest since 2012, excluding the pandemic years of 2020 and 2021.
This will be the biggest deficit as a % of GDP among the 5 major developed economies, including the UK, Germany, France, and Japan.
Furthermore, Germany's deficit is expected to widen from -2.7% of GDP in 2025 to -4.1% in 2027, its largest since 2010, excluding the 2020 pandemic.
Japan's fiscal deficit is estimated to more than triple, from -0.7% to -2.5% of GDP, its largest since 2022.
The UK is the only economy expected to improve its fiscal position, with its deficit narrowing from -4.3% in 2025, to -3.1% of GDP next year, while France's budget gap is projected to widen to -5.2%.
Deficit spending is only accelerating.