Sure, Cheers for Dow 30,000 however Think about the Debit Facet
Your editorial “The Dow Hits 30,000” (Nov. 25) notes that because the 2016 election the Dow has elevated from 18,000. Earlier than we rejoice an excessive amount of, ought to we contemplate that in that very same interval complete public debt has elevated from $18 trillion to $27 trillion (a 50% enhance) whereas America’s company debt is approaching $11 trillion and shopper debt rose to over $14 trillion by means of the primary quarter of 2020? Is that this only a case of the debits equaling the credit? What occurs when all this ahead spending ceases or, heaven forbid, needs to be paid again? What occurs to the Dow Jones Industrial common then?
Mark R. Spencer
Market information on Fintech Zoom.
Dow Jones – Sure, Cheers for Dow 30,000 however Think about the Debit Facet