At best, there was a dead cat bounce. There's a federal government with $3 trillion in assets, a $19 trillion debt, at least $200 trillion in unfunded liabilities, and more than $750 trillion in derivatives liability exposure.
Then there are insolvent states like Illinois that pay their lottery winners with IOUs.
Hey, Dorkwiller:
“...There’s a federal government with $3 trillion in assets”
I cannot understand your complete lack of knowledge as to what an ‘asset’ is.
The US Government owns LOTS of land.
Land is an asset.
Land is just one of many assets which the US Government has that add up to much more than “$3 trillion in assets.”
Class dismissed.