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U.S Soverign Goverment Debt and the Fallacy of the Risk Free Asset
USA GDP: 14.7 trillion USA Cumulative Deficit: 14.3 Trillion Percentage of GDP usurped (taxed) by Government at all levels: 27% US Government corporation equivalent revenue = 3.86 Trillion (.27 * GDP) The median valuation multiplier of the S& P 500 index is 1.74 X revenue Implied valuation for the Unites States based on large cap…