The Numbers That Matter: $15,564,809,891,768 And $8.354 Billion
Without wasting our readers' time, here are the only two numbers that matter today:
- $15,564,809,891,767.99 - This is how high record US federal debt is as of today. Although "record" and "US debt" in the same sentence is now redundant. So just debt. (source)
- $8.354 billion. This is how much net US tax revenues (net of refunds of course) are lower in fiscal 2012 to date compared to the same period in 2011. In this Bizarro world, economic recovery is apparently based on weaker numbers (source).
The chart below proves without doubt that converting one well-paying job into two jobs that combined pay less, is uber bullish for stocks.