There goes August, as we make our relentless way to the back end of 2026.
This is the month in which America’s national debt crossed $40 trillion.
That is about $117,000 for every person living in the United States.
The debt-to-GDP ratio in now 125% of the country’s total economic output. 😱
The S&P 500 fell about 8% from late Feb. through March at the start of the Iran war. The Nasdaq dropped into correction territory earlier in the year with a decline of over 10% from its high.
[Graphic from the New York Times]