Is US going to default on its debt?

This 🧵 will surely help you understand. Do ‘re-tweet’ & help us educated investors (1/13)

How does a country run?

Assume a country to be like a company, which has income & expenses. Income source can be tax collections & expense can be government employee salaries, defence sending’s, social security schemes etc. (2/13)

Generally, most economies are running a deficit; their income is less than expense. So if your income is 100 and expense is 105, where do you get the 5? You borrow!

Similarly US has been borrowing & the total debt today roughly stands at a whooping $28.5T. (3/13)

Deficit in the last 2 years has gone up significantly because of COVID + the government wants to spend more; a $3.5T spending package is what they are trying to get an approval for + older debt is coming up for maturity (4/13)

Okay, so I am saying they will raise more debt for the deficit of COVID, the new package & paying older debt off?

Ideally a yes but they are not allowed to borrow more! (5/13)

𝗠𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝘀𝗲𝗰𝘁𝗼𝗿 𝘄𝗮𝘁𝗰𝗵𝗹𝗶𝘀𝘁 𝗼𝗻 𝗧𝗿𝗮𝗱𝗶𝗻𝗴𝘃𝗶𝗲𝘄 𝘂𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝗥𝗘𝗘 𝘃𝗲𝗿𝘀𝗶𝗼𝗻!

A THREAD 🧵

Please Like and Re-Tweet. It took a lot of effort to put this together.

#StockMarket #TradingView #trading #watchlist #Nifty500 #stockstowatch

STEP 1: Download the #TradingView application on your mobile phone, and login into your account. One thing to note is that the web version doesn't let you add multiple watchlists, but the mobile version does.

STEP 2: Open #TradingView on your mobile and add all the watchlists that I'll provide you with.
I have attached a sample video on how you can add different #watchlist with the mobile app.

Step 3: After adding the watchlists on the mobile app, refresh #TradingView on your desktop and voilà, you'll have the multiple watchlists you added on your mobile app directly on your desktop.

[Note: I added only 3 watchlists just to show you how it is done]

STEP 4: After you have added all the different sector watchlists, now its time to add the #stocks of that particular sector. This is not as tiring as adding the #watchlist with your mobile, you just have to copy and paste.
[Note: Remove the last comma]