by Steve St. Angelo
When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public and private debt will likely surpass $80 trillion in Q2 2020.
Here is my last update for the U.S. Total Debt All Sectors versus the GDP, for the beginning of 2019: