Tariffs were pitched as the fix for America’s trade deficit.
Instead…
Last 20 Months: –$2.06 trillion deficit in Goods.
20 Months Prior: –$1.92 trillion deficit in Goods.
The deficit didn’t shrink. It increased 8%.
BREAKING: Ray Dalio warns the U.S. may not be able to count on its biggest foreign lenders.
China and Japan, two of the largest foreign holders of U.S. Treasuries, are showing weaker demand.
China's holdings have fallen by more than half, from $1.3 trillion in 2013 to about $618 billion.
Japan still holds roughly $1.1 trillion.
Dalio says less foreign buying could put even more pressure on U.S. borrowing costs, with the 10-year yield hovering near 5.3%.
The 10-year Treasury yield topped 5.33%, the highest since 2002. Our national debt in 2002 was just $6 trillion. Paying 5.33% on that entire amount would cost $319.8 billion annually. On today’s $40.1 trillion debt, it would cost $2.14 trillion annually—more than Social Security.
$ASTS Prediction. AST Spacemobile will be the number 1 performing stock in the entire stock market in Q4.
It’s the most shorted large cap stock with the most compressed setup and it’s ready to explode.
Let’s come back to this in 3 months.