While everyone was busy watching Nvidia, the US borrowed another $260 BILLION last month.
— The Kobeissi Letter (@KobeissiLetter) February 24, 2024
On an annualized basis, this puts the US on track to borrow ~$3.1 trillion in 2024.
Total US debt now stands at a record $34.33 trillion, or 2.8 TIMES the market cap of the Magnificent 7.… pic.twitter.com/ckD8Rxl6kS