Davis Polk this week submitted $4.8 million in April-only billings to bankruptcy court overseeing Spirit Airlines case, including three 2nd yr associates charging $1,410/hr who together cost $725k:
https://t.co/YxyN9VN17A
62.
As in 62 consecutive months with US inflation above the Fed's 2% target.
The Fed lost all credibility when it comes to fighting inflation.
Video: https://t.co/N7vSiKp8yO
When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money.
History shows that most systems end up relying heavily on the last option, but printing money doesnโt eliminate the problemโit just shifts how the debt cycle plays out.
Understanding this dynamic is key to understanding the economic environment weโre in.
๐จBREAKING 250: Trump Officials Reportedly Pressing the Bureau of Engraving & Printing to Release a $250 Bill Featuring President Trump by July 4th.
Is Trump preparing to REVALUE US GOLD RESERVES & RELEASE GOLD NOTES ON AMERICA'S 250th ANNIVERSARYโ๏ธ