The US national debt reached $34,997,540,505,103 as of July 25th, up from $32.59 trillion one year ago. JP Morgan Chase analysts are warning investors about this news.
That’s up from $32.59 trillion just one year ago.
In a new memo to investors from its private banking arm, JPMorgan analysts say there are underlying risks associated with America’s ballooning deficits and high sovereign debt levels. According to the bank, investors shouldn’t expect any significant improvement soon.
“The bottom line for investors is that we don’t expect meaningful improvement in the trajectory for U.S. debt or deficits in the medium term. However, multi-asset portfolios should still be able to deliver for investors. Monetary policymakers have maintained credibility, investor demand for U.S. Treasury assets is still strong, and the tax base is robust.
That said, the risks are meaningful enough to consider adding non-U.S. dollar–denominated assets and “real assets” such as infrastructure, gold and commodities to traditional multi-asset portfolios. A focus on tax efficiency for U.S. taxpayers could also be prudent.”
The US won’t be able to respond to any future economic downturns. There won’t be any money for emergencies.
“For investors, the message is clear: It is probably prudent to move beyond the traditional 60/40 portfolio. Including non-U.S. dollar assets and real assets such as infrastructure, gold and commodities can provide a hedge against potential dollar depreciation and inflation. Tax efficiency is also key.”
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As Jerome Powell said “it (the national debt of the US) is unsustainable” !
Wait you mean the US $ is Toilet Paper? Oh Sorry Toilet Paper is More Valuable didn’t mean to Insult Toilet Paper.
Really~~
There won’t be any money for emergencies.
Unless Ukraine or Israel demand some.
Only God, then the huge oil deposits we sit on, can pull our economy back from the brink and *MAKING* China pay back the two trillion they owe us from the end of WW2 with the interest…
Wrong, wrong, wrong. The debt spiral is like a black hole. We are past the point of no return. Sorry, but you are too uninformed to comment on this topic. It won’t be long, less than five years, the BRICs will have created their currency and the world will start using that currency rather than ours because it will be… Read more »
There was a time when America had so much money and was so rich, it didn’t know what to do with it all. Really, I’m not making that up. We were a country the world had never even dreamed of. That’s why it’s called the American Dream. Then the Uniparty was invented. And what else would you call it? “Republicans… Read more »
we were blessed because we blessed Israel from the moment of their rebirth.
Now the blessing is lifting because we have begun to curse Israel… BIG mistake!
George Carlin tried warning us. Many of us were too young or naive to understand his message. We thought it was all part of his act, but the joke’s on us.
Carlin was a big mouth idiot.
You’re a big mouth idiot.
Look in the mirror.
Just how many watermelons can I write off as a business expense? Best line ever.
The rush to drain the wealth of the USA began with BJ Clinton bringing China into the WTO and join GATT. Instead of a new market for US manufacturers, China bought nothing from us and flooded our markets with their trinkets. In fact, We paid our companies to move to China. No country has survived the loss of its manufacturing… Read more »
The FED is the problem. Spending more than you bring in. JFK was assassinated for trying to put us back on the Silver standard.
Another uneducated person commenting where he shouldn’t. Congress and the president spend the money and the FED has to print it to cover the deficit. Point your finger at the traitors in congress you halfwit.
If anything, JPM is understating the problem. The mantra of “there is no alternative” ( TINA ) is mostly in the past now, with digital currencies, BRICS native currency trading, and more scarce physical commodities. Also, foreign investors are increasingly afraid if they somehow cross the U.S. political system, their financial investments in Dollars could be frozen or confiscated. It’s… Read more »
China is selling their US treasuries as fast as feasible and buying gold. It might take 3 – 4 years but once they have divested all their dollars they will be ready to assimilate Taiwan and we, as a nation, will have collapsed financially, economically and every other way possible.