Posted 1/31/2024, 11:29:00 AM
Experts Warn Soaring U.S. Debt Could Spark Crisis and Unrest Within Decade
- Nassim Taleb, who predicted the 2008 crisis, warns the U.S. debt spiral is like a "death spiral" and it will take a "miracle" to save America
- U.S. national debt stands at $34 trillion, about $100,000 per American, with debt ceiling suspended until 2025
- JPMorgan CEO Jamie Dimon warns of global "rebellion" in 10 years due to U.S. debt levels
- Taleb says analysts are losing ability to properly value companies, inflating stock prices beyond reason
- While some analysts warn markets are overvalued, others predict "Magnificent 7" tech stocks will continue driving growth