The All In Podcast Besties explain why $2 Trillion more debt will affect financial markets in a negative way, but Crypto may benefit from more money-printing. In light of this financial and economic backdrop, the Treasury’s August 2023 Quarterly Refunding Presentation. Based on the marketable borrowing estimates published on July 31, Treasury currently expects privately-held net marketable borrowing of $1.007 trillion in Q4 FY 2023 (Q3 CY 2023), with an assumed end-of-September cash balance of $650 billion. The borrowing estimate is higher than at the May refunding, primarily due to a lower starting cash balance, a higher assumed end of quarter cash balance, and projections of lower receipts and higher outlays. For Q1 FY 2024 (Q4 CY 2023), privately-held net marketable borrowing is expected to be $852 billion, with a cash balance of $750 billion assumed at the end of December. Primary dealer projections for issuance have increased for FY 2023 and FY 2024, with uncertainty driven by economic growth expectations and the duration of SOMA run-off.

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This is crazy! Treasury currently expects privately held net borrowing of one point zero zero seven trillion dollars in this quarter. With an assumed end of September cash balance of 650 and then they said we expect another eight hundred and fifty two billion dollars of borrowing next quarter that means Treasury is going to try and issue and sell Two-trillion dollars worth of Treasury bonds in the next two quarters! That's two trillion dollars of new borrowing by the federal government to pay our bills. At the start of the year they were estimating one point six trillion for the year, which was an insane number now we're talking about two trillion in just two quarters!

Chapters:
0:00 $2 Trillion New Debt
0:35 All In Podcast
1:20 US Treasury New Bonds
1:30 Fitch Downgrades US Debt
10:30 US is Best Bet for Investment
12:10 Stock Market Goes Down
14:04 3 Takeaways


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