I just reviewed the US debt figures, and honestly, they are quite shocking. By 2026, we are already talking about $39.07 trillion, which means that in just 15 years, the US debt has more than doubled.

To put it into perspective, in 2011, the national debt was $14.79 trillion. That represents a 164% increase, which is not at all insignificant. If you look at the year-over-year trend, especially during periods of economic stimulus and everything that happened with the pandemic, the jumps were quite pronounced.

The interesting thing is that this doesn't seem to be a temporary situation. The US debt has been steadily growing over these 15 years, suggesting that the US government's fiscal challenges go beyond specific economic cycles. It’s a structural problem that will likely remain a topic of debate in the coming years.

This is the kind of trend worth monitoring if you're paying attention to the markets because US fiscal policy always ends up impacting the global economic outlook.