Budget Deficit Bullish for S&P 500 and Gold | Tom McClellan
The final stats are in for fiscal year 2024, and the federal debt in the U.S. grew by $2.297 trillion versus a year earlier, and as of September 30, 2024, the total debt stood at $35.465 trillion.
[...] A rising debt load is a horrible thing, but it is a bullish thing. And trying to pay down the debt is a bearish thing. [...]And deficits are also really bullish for gold too.
