Debt Trifecta At All-Time Highs – Billionaires Panic
The “trifecta” of national, corporate, and consumer debt has reached all-time highs, and could prove to be catastrophic if a recession hits.
Let’s start by quickly bringing each part of this debt trifecta up to date as much as possible…
U.S. National Debt
The national debt, ever on the rise, currently sits at around $22 trillion:
In just the short decade since 2008, the debt has jumped