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Debt, Deficits, and a Fragile Future: Dimon's Warning
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Debt, Deficits, and a Fragile Future: Dimon's Warning
Jamie Dimon, the CEO of JPMorganChase, believes the bond market is highly vulnerable and could collapse. Mr. Dimon points out correctly what we have said (yes, we have a much lower profile)—that the U.S. debt, spending, and deficits are unsustainable. The so-called “Big, Beautiful Bill” predicts that, given the tax cuts and minimal spending cuts, the current $2 trillion dollar budget deficits will continue. That would set the U.S. on course for …
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