30-year snapshot:
US National Debt: +665%
$SPX Total Return: +1,820%
Government borrowing isn't the market killer people think it is — at least not immediately.
More debt → more spending → more demand → higher corporate revenues.
The problem isn't the borrowing itself. It's what happens when the bill comes due, growth slows, or inflation forces rates higher. That's when the math stops working.
For now, corporations have surfed the wave. The question is whether they're prepared for when the tide goes out.
US National Debt: +665%
$SPX Total Return: +1,820%
Government borrowing isn't the market killer people think it is — at least not immediately.
More debt → more spending → more demand → higher corporate revenues.
The problem isn't the borrowing itself. It's what happens when the bill comes due, growth slows, or inflation forces rates higher. That's when the math stops working.
For now, corporations have surfed the wave. The question is whether they're prepared for when the tide goes out.
