RandAlThor@lemmy.ca to

News@lemmy.world · 5 days ago

America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

uk.finance.yahoo.com

cross-posted to:
economics@lemmy.world

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America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

uk.finance.yahoo.com

RandAlThor@lemmy.ca to

News@lemmy.world · 5 days ago

cross-posted to:
economics@lemmy.world

The risk is “that we move from going broke slowly to going broke quickly,” Kelly says.

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redsand@lemmy.dbzer0.com
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5 days ago
When you expect bank runs and inflation you don’t save money you spend it on assets or survival and debt becomes meaningless.

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