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.

 

Reference:

Tom McClellan (October 04, 2024) - Deficits Are Horrible, But They Are Bullish.