Source: Direxion Funds
September 30, 2017
- The highest closing value during the year for the S&P 500 has occurred in the final 4 months of the year (i.e. September – December) in 11 of the last 14 calendar years.
- The average interest rate paid by the government on its interest-bearing debt was 2.279% as of 7/31/17. The average interest paid on interest-bearing debt was 5.041% as of 7/31/07 (10 years earlier) or 2.8 percentage points higher. Every 1 percentage point increase in the cost of debt on our nation’s $14.4 trillion of publicly held debt is equal to $144 billion of annual interest expense.
- 42 million Americans owe $1.34 trillion in student loan debt. 60% of borrowers fully repay their student debt within 8 years of beginning repayment.