MarketWatch/Greg Robb/8-3-2020
“The U.S. Treasury Department said Monday it expects to borrow $2 trillion over the rest of the year as the federal government takes on debt to finance the response to the coronavirus pandemic.”
USAGOLD note: That $2 trillion is on top of the roughly $3 trillion it has already borrowed this year. We can remember a time when Wall Street blanched at trillion-dollar deficits. Now we are talking $5 trillion in red ink in a single year! And Wall Street no doubt will judiciously look the other way ……
