
MCCARTHY WIN SETS UP A TOUGH DEBT CEILING CRISIS AHEAD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Debt Ceiling Crisis Ahead
Please click here for a chart of U.S. national debt.
Note the following:
- Prudent investors need to look beyond a few months to be prepared.
- The chart shows the national debt increase has gone parabolic.
- For healthy stock and bond markets and a good economy, the pace of national debt rise is not sustainable.
- Conditions have become ripe for a debt ceiling crisis ahead.
- As a reminder, The Arora Report is politically agnostic. Our sole job is to help investors.