U.S. record 40 trillion-dollar debts fuel global financial risks - People's Daily Online
U.S. record 40 trillion-dollar debts fuel global financial risks - People's Daily Online
Source: People's Daily Online
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DW NOTE
The US crossed $40 trillion in debt while running a $2 trillion deficit — double the 3% GDP target — and holding rates at 3.5%. That's not fiscal pressure, that's choosing insolvency at compound interest while the Fed pretends 4.7% inflation is a rounding error away from 2%.