Scott Lincicome: U.S. liabilities rise to 24 percent of global output in 2024

Scott Lincicome: U.S. liabilities rise to 24 percent of global output in 2024
U.S. liabilities now 24 percent global output

Scott Lincicome, industry influencer, highlights that net U.S. liabilities have risen to 24 percent of global output in 2024, a marked increase from 6 percent in 2008.

He further notes that the U.S. private sector has moved into balance, indicating that current external deficits are increasingly funded by government borrowing rather than private entities.

Lincicome has commented previously on tariff-related developments involving major U.S. companies. He reported that Oaktree Capital accused BJ’s of not honoring a tariff refund trade agreement. He also reported Ford expects $1.3 billion in tariff savings following a Supreme Court ruling against Trump-era tariffs.

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