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Ryan Detrick: U.S. government debt climbs from $430 billion to nearly $40 trillion
Ryan Detrick, chief market strategist at Carson Group, points to a significant rise in U.S. government debt since the time of a prior magazine cover.
According to Detrick, government debt has grown from $430 billion to nearly $40 trillion, representing an almost tenfold increase.
Detrick has recently argued that secular bull markets begin at breakout points, challenging traditional views on market cycles. He has also reviewed investor sentiment polls showing a rise in bearish outlooks even as equity benchmarks reach new highs. These prior assessments offer context to his observations on the scale of U.S. government debt.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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