@zcream

You cannot have a debt problem as the nations debt is in the local currency.

It is not purely technically debt problem - it is trust problem.

Any small error now - and system will become unstable and with each new day they need more intense bubbles to store imbalances.

Main issue is that it is tiny amount of people who are becoming "richer", they are more and more distant from all other society. And it is harder for system to contain newly made virtual dollars.

Machine can't stop.

A sophisticated hacking group backed by a foreign government stole information from the U.S. Treasury Department and a U.S. agency responsible for deciding policy around the internet and telecommunications, according to people familiar with the matter.

Seems like we are close.

Trade balance don't help at all as US is using new debt to cover it

New records in exchange of debt to real goods

This is how exchange of newly printed money to real goods look like near US port :-)

And it will continue, for a little while. But you really do not want to know that happens next.

The American economy should not fear hyperinflation amid the recovery. The expected high volumes of spending after the pandemic, which the Americans have saved, will not be able to significantly raise prices up and lead to hyperinflation due to the fact that the Fed has been pursuing a policy to reduce inflation for many years "I don't think these effects have to be significant or persistent, and the real reason for this is that we have had decades of well-contained inflation expectations.

Big warning.

Margin debt – the amount that individuals and institutions borrow against their stock holdings as tracked by FINRA at its member brokerage firms – is just one indication of stock market leverage. But FINRA reports it monthly. Other types of stock market leverage are not reported at all, or are disclosed only piecemeal in SEC filings by brokers and banks that lend to their clients against their portfolios, such as Securities-Based Loans (SBLs). No one knows how much total stock market leverage there is. But margin debt shows the trend.

In February, margin debt jumped by another $15 billion to $813 billion, according to FINRA. Over the past four months, margin debt has soared by $154 billion, a historic surge to historic highs. Compared to February last year, margin debt has skyrocketed by $269 billion, or by nearly 50%, for another WTF sign that the zoo has gone nuts.

https://wolfstreet.com/2021/03/17/stock-market-leverage-spikes-in-historic-manner-another-wtf-chart-of-a-zoo-that-has-gone-nuts/

Over the past year, as fiscal and monetary stimulus flooded the economy with cash, US stocks are up more than 75%. According to Wilshire, as of March 23, 95.9% of the more than 3,000 stocks included in the Wilshire 5000 total market index had an overall positive growth of 12 months. No other one-year period has come close to this since the end of February 2004, when 93% of shares had a similar 12-month rise.