If Something Cannot Go On Forever, It Will Stop

This is your daily debt reminder

As we celebrate new all-time highs in equity markets and the world's first $4 trillion company, it’s worth remembering that not all records are bullish. While stocks soar, U.S. national debt is also hitting new "historic" highs—steadily accelerating in the background. Nothing in this deck is new. But that’s exactly the point. These charts deserve to be revisited again and again, because the old adage still holds: