Tuesday, September 27, 2016
And since peaking in 2013...the activity spurred by greater Federal debt is trending decidedly in the wrong direction.
Population growth and demographics have and will define presidencies...and the next 8 years will be the worst regardless whether Trump or Clinton become president...outlined HERE.
***For those curious - I use the Dallas Fed "Market Value" of Federal debt. The par value of government debt, which is reported by the U.S. Treasury Department, reflects interest rates at the time the debt was issued while the market value is adjusted to reflect market interest rates as of the observed period.