You guessed it: For over half of it, taxpayers are on the hook. Time to take a look.
Funded with debt: Share buybacks totaled $5 trillion since 2012. Over same period, corporate debt soared by $4.5 trillion.
While landlords are muttering, “And this too shall pass.”
Startup investors making hay while the sun shines. Public in blindly exuberant feeding frenzy. But the IPO ETF is down 3.0% today, on too much hot air?
Stimulus and huge shifts in spending, wiping out entire industries and fattening up others.
Well, not markets. Fed-managed paper exchange.
No one has ever put a number to it until now.
An increasingly important question, because someone always has to buy this debt – and it’s not just the Fed. But the share of foreign holders is waning.
Credit-score algos got fooled by forbearance. Weirdest economy ever where no one knows what’s going on anymore.
Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay.