https://sg.finance.yahoo.com/news/fed-unleashes-another-2-3-223809140.html
The US FED has unleashed a US$2.3T funding program for the pandemic.
Let's recap what the US FED has done.
1. Reduce interest rate to Zero.
2. Implement a US$2.2T pandemic relief program.
3. Implement a US$2T infrastructure bill.
4. Implement a US$2.3T funding program.
The US FED has introduced a total of US$6.5T package for the pandemic. The total US debt is already about US$70T in 2020. With the pandemic packages, the total US debt will increase to US$76.5T.
http://sg-stock.blogspot.com/2019/07/the-us-total-debt-is-at-us69t-now.html
Is the total US debt sustainable? No!
The day of reckoning will come one day and when it comes, it will hit the US severely.
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