The default season is over, but the problems remain

The default season is over, but the problems remain The theme of the financial collapse in the United States is not relevant yet, but this thriller will definitely continue. Judging by the growth rate of public debt, a fantastic level of $50 trillion will be considered normal in 5-7 years.Of course, the presence of public debt is not considered a problem for the country's economy as long as the government can pay for it. However, servicing the US public debt is gradually becoming a major cost item.In 2022, interest payments to holders of US government bonds amounted to $475 billion, which is 8.1% of budget expenditures. In 2023, the amount could rise to $700 billion due to the Fed's rate hike. At this rate, interest payments will soon exceed $1 trillion. per year and around 2030 will amount to more than 20% of US budget revenues. And it's not just bad  it's really dangerous.Against this background, two questions arise: When will the rating agencies take the risk of lowering the US rating? When will central banks (and not only!) start to get rid of American treasuries as part of their assets?There are no answers yet.Speculators took a short pause, but the general situation has not changed: we are waiting for the standard problems with rates, a recession, the banking sector, huge corporate debts and defaults. So you won't be bored.I wonder what in the modern world can be considered an adequate alternative to dollar assets: Gold? Based on history, no. Bonds of large countries (eg Germany or France)? Too small volumes. China (currency, shares, raw materials)? Alas, there is also a huge public debt, corporate debt (over 200% of GDP) and the government-controlled yuan.And what do you think? Submit your options!Profits to yall!#ForexChief #default #forexnews #StopLoss #stocks #market #profit #Traders #Gold