Weekly Client Letter – February 10, 2025
The rising U.S. budget deficit has become a major concern, with 2024 alone seeing a $2 trillion increase. This gap must be funded either by cutting spending, raising revenue, or borrowing more – resulting in a surge of new Treasury debt. If borrowing continues to outpace economic growth, we could face higher interest rates, which […]
Weekly Client Letter – February 10, 2025 Read More »