debt level at crisis point

Mike Bertelsen

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Right now could be the calm before the storm as far as the debt goes in the United States. The U.S. is in the spot of a good thing however with U.S. assets in demand over the European situation. The U.S. can print its own money.

Debt at the federal level is just about at 100 percent of GDP. The crisis level is 110 to 120 percent of GDP, but the U.S. is running debtsat 8 percent of GDP per year. This puts a crisis mode situation in the mix in about 2 to 3 years.

In that time the bond market could go south, pushing interest rates higher. The dollar value will go down too. Anti-dollar instruments may be a good idea as far as investments go.

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