The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July Update

By Wolf Richter for WOLF STREET

The recklessly ballooning US national debt is now just a hair away from ticking over $35 trillion. It has ballooned by $2.33 trillion in 12 months, even as the US economy was growing at a fairly strong pace. We don’t even want to know by how much it will balloon during the next recession when tax receipts plunge and expenditures explode.

The question on our worry-list is how long foreign investors will continue to support this recklessly ballooning US Treasury debt.