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Truth bombs being dropped in this thread 👇

RT @NorthmanTrader@twitter.com

Wilbur Ross stated this week the US deficit will reach $3.5T next year on top of the $3.1T this year, bringing US debt to over $30T.
US debt reached the $1T for the first time in 1981.
Here are the time intervals to reach each $10T:

$10T: 27 years
$20T: 9 years
$30T: 4 years

🐦🔗: twitter.com/NorthmanTrader/sta

· · Mastodon Twitter Crossposter · 1 · 0 · 1

@jcbrand That looks like a classic exponential growth example. Next one in 1 year? Covid can probably make that happen..

@stevenroose

Yes, quickly coming to the point where the curve goes straight up.

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