“The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming”
July 9, 2024
“Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations…
The International Monetary Fund last week reiterated its warning that “chronic fiscal deficits” in the US must be “urgently addressed.” Investors have long shared that disquiet about the long-term trajectory of the US government’s finances…”
https://www.cnn.com/2024/07/02/economy/global-debt-crisis/index.html
The debt is unsustainable. All I can say is be prepared for the downturn.