Obama Doubles National Debt
That's $75,129 for every full time worker. Kind of sucks.....doesn't it?
The $9,334,590,089,060.56 that the debt had increased under Obama as of the close of business on Wednesday is far more debt than was accumulated by any previous president. It equals nearly twice as much as the $4,889,100,310,609.44 in additional debt that piled up during the eight years George W. Bush served as president.
Here is an unusual way to think about all of this. Since the 2009 bottom, the total capitalization of the US stock market has increased by about $18 Trillion. Give or take.
Now, I know we are comparing pineapples to mangoes here, but is it possible that the increase we have seen can be directly attributed to this massive debt pile up. Throw in zero interest rates with massive QE expenditures and things are beginning to line up more and more.
What happens to the stock market if this now parabolic debt increase slows down, or god forbid, reverses. Well, some sort of a deflationary collapse is likely. The question is .....WHEN?
If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here.