The Interest Expense on US Public Debt rose to a record $1.12 trillion over the last 12 months, doubling over the past two years. At the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security. youtube.com/channel/UCRoWR…

What should the Fed do next week?

The US government continues to spend money like a drunken sailor with a budget deficit of -$2 trillion over the past year. This is occurring when the economy is still in an expansion and home/stock prices are at record highs. What happens to the deficit when a recession hits?

US federal budget deficit over the last 4 months... May 2024: -$347 billion June 2024: -$660 billion July 2024: -$244 billion August 2024: -$380 billion Don't try this at home.

Global Inflation Rates... bilello.blog/newsletter

Global Growth Rates... bilello.blog/newsletter

Global Central Bank Update: -Russia hiked rates by 100 bps to 19.00%, may tighten again at its next meeting as inflation is running more than 2x higher than the central bank's target. bilello.blog/newsletter

Poll Results: what should the Fed do when it meets on Wednesday (September 18)...

If you missed my live show w/ YCharts this week, the replay is now up. Rate cuts, the rising risk of recession, and much more... youtube.com/watch?v=NSnz_o…

Bitcoin (+43%) and Gold (+25%) are the top performing major assets in 2024. We've never seen these two in the #1/#2 spots for any calendar year. Join my free weekly letter on markets/investing here: bilello.blog/newsletter

Regardless of what is happening in the world, or who happens to be President, the market finds a way forward.

New: The Week in Charts📈 -What Should/Will the Fed Do? -The Most Absurd Number in CPI -Don't Try This at Home -Big Tech's Incredible Run -The Watch Bubble Has Burst -American Falling Behind on Their Bills -And More! youtube.com/watch?v=aajBm1…