The fundamentals are a disaster for Trump and Bessent and the oligarchs who run the US government from the shadows and who are going to go down with the USA.
Trump’s first year back in the White House closed with the U.S. national debt roughly $2.25 trillion higher than when he retook the oath of office, showing how fast Washington’s red ink is piling up even amid DOGE hype and promises to pay it down. Over the calendar year 2025, the growth in the national debt was even higher, some $2.29 trillion.
https://finance.yahoo.com/news/trump-added-2-25-trillion-213617999.html
Debt has reached 38.5 trillion and is set to soar to 48.5 trillion, 68. trillion, quite possible as interest rates rise.
Trump s job record is among the worst in two decades. It proves investors are not pouring back to reinudstrialize manufacturing. Rather, the opposite.
The AI is a bubble which has failed to improve US productivity but which Trump and Larry Fink need to hype to keep up the fiction of prosperity and competence.
https://www.morningstar.com/news/marketwatch/20260120120/treasury-market-has-worst-day-in-months-after-trump-threatens-european-allies-with-tariffs-related-to-greenland
The bottom line.
The US is de facto brankrupt. It cannot afford seizing Venezuela, Greenland, Canada. Whatever it loots from these countries could never begin to pay off the cost of seizing them, especially as the whatever it loots, the oligarchs take to leave the US Fed Gov just with the bills.
When the US collapses, Gates, Thiel, Bezos, Soros, Rothschild, Fink, Dimon, Lauder will have no where to run. Nowhere
Interest rates on doomed US bonds are already beginning to rise.
From media
Tuesday's selloff within the $30 trillion Treasury market sent the 10-year yield BX:TMUBMUSD10Y up by as much as 8.1 basis points to an intraday high of 4.31% during the New York session. The benchmark yield then settled at a five-month high of 4.29%, up by 6.4 basis points on the day, based on 3 p.m. Eastern time figures from Dow Jones Market Data. The 30-year bond BX:TMUBMUSD30Y had an even worse performance. It finished with its biggest one-day selloff since July 11, when the long bond was rocked by renewed fears about U.S. trade wars with Canada and Europe. On Tuesday, the 30-year rate jumped as much as 11.2 basis points to an intraday high of 4.95% and end at a more-than-four-month high of 4.92%, up by 8.1 basis points in U.S. trading. Yields and bond prices move in opposite directions, meaning that yields spike during aggressive selloffs of the corresponding Treasury maturity.
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