In an Election Year, This Oft-Ignored Metric Matters

Joe Hill|February 3, 2024

The Fed may have gotten all the press this week but, as Shah wrote in yesterday’s Total Wealth, there was another major event in the financial world…

The U.S. Treasury Department’s quarterly refunding announcement.

Hey, wake up!

This stuff is important… especially in an election year.

For the moment, debt actually matters. And the amount our government borrows to finance its operations has the power to impact not just bond yields but even mega-cap stocks.

It’s a phenomenon you need to be aware of. Especially as we move further into an already contentious election cycle.

Both political parties (there are only two, right?) are sure to be throwing plenty of jabs back and forth over debt and deficits.

In fact, the jabs are already flying.

It’s a rare moment in the sun for the notion of fiscal responsibility…

A moment that will no doubt be fleeting.

Check out Shah’s write-up on the topic here.

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