Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
Last week's bond auctions have finally settled and the numbers are in. As of the last day of June, the US had a record $15,856,367,214,324.44 in debt, a $75 billion increase overnight, and a post World-War II high Federal debt/GDP ratio of 101.5%.* That is all.
* Assuming GDP in Q2 grew at a 1% sequential rate, which in light of the global economic contraction, is quite generous.
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