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Today's Piece Courtesy of Gavekal Research

Hello, Founding Members!

Gavekal’s Will Denyer and Tan Kai Xian are looking at where the funding will come for the U.S. In that regard, their third point, and the related chart, are the most important, in my view.

For the most part, the problem in the U.S. isn’t with the private sector, either households or corporations, but rather with the federal govern…