@SeanRistau It will be measured in quadrillions. At that point what does it matter? That kind of debt is beyond recovery. Begs the question - What is the solution?
A large scale war could be used to impact finances. We could default on all of it. That would be devastating to every US citizen. Or a tiny step above that - an austerity program. It would make the US an international laughing stock. The social outcome would make the "Occupy Movement" look like a lovefest. The movement won't be the nation of "third world" homeless. It will be middle class Americans with the homeless laughing on the sidelines.
The US national debt is $34.471 trillion and rising $1 trillion every 100 days
$32T to $33T = 92 days
$33T to $34T = 106 days
$34T to $35T is on pace for 100 days
Within a few years, don't be surprised when the US national debt is increase at $1 trillion per 30 days. We are in a doom loop where we are having to borrow more just to pay the interest on the debt.
@craigiskowitz So very true.
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@DDeru Look ahead as far as you can planning for the next success.
Racing & battlefield are excellent sources to learn about strategy & tactics & fatal mistakes. "walking the course" and battlefield history are akin to wisdom you garner & availing yourself of trusted advisor wisdom.
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@MichaelKitces Comparisons of revenue hit vs recovery for acquisition of talent & tech for both in-house and outsourced scenarios (E.g. portfolio monitoring/rebalancing/trading, CIO, CTO, CISO) would be helpful for advisor's research, analysis & decision-making. @craigiskowitz@DamonDeru
@TSLAFanMtl The bigger issue is are committed to embracing EV, Hybrid EV? We tend to throw the baby out with the bathwater. IC, EV & HEV all have a place. ALL have environmental impact. A shiny new hammer doesn't make every problem a nail. Need more empirical data. Huge advances in HEV tech.
@MichaelKitces I 100% disagree. I would be happy to run around in a 2005 Porsche Carrera GT. Epic car. A 1962 Ferrari 250GTO would also do nicely But I'm short $58MM for ths pair with the Ferrari coming in at $56MM. Saddest part -my uncle's last name is Ferrari ๐๐๐
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