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The US national debt could hit $40 trillion by August. That's worth pausing on.
Here's the kicker: it took 205 years—from 1776 all the way to 1981—for America's total debt to climb to just $1 trillion. Now we're stacking up trillions like quarterly earnings reports.
What does this pace of borrowing mean for asset allocation? For inflation? For anyone holding USD-denominated positions? The acceleration is undeniable. The math doesn't lie.