345,000,000,000,000 dollars, the asset manager urges us to get home in order, and he is now warning of debt faster than economic growth
Jim Milstein, co -chair of Guggenheim Securities, calls on the United States government to obtain her financial home and warn of a “financial disaster”.
In a new interview with Bloomberg, Milstein He says This government spending largely goes beyond revenue, which creates an unclean financial situation.
“We manage 7 % of the gross domestic product deficit this year, which means that the debt increases by 7 % annually, while the economy not only grows by 2 % to 3 % annually. So we are essentially more debtor over time, and we need to obtain our homes and create our homes in the application in the prior arrangement of the arrangement, and resort to the order of the house.
In a separate Bloomberg interview, Milstein He says The financial situation of the United States is related to investors, which is why the treasury revenue has increased in the long -term recently.
Milstein says that the treasury revenue for ten years is increasing “due to the lack of financial balance of the federal government and the huge amount of the deficit they have to finance.” He also says that there will be “large supplies from the cabinet coming to the market.”
According to Milstein, the revenue that is increasing for ten years is the largest financial challenge for the United States at the present time, as it increases interest costs for current and future debts.
Milstein says that the United States may face a similar situation that happened in the 1990s when bond revenues rose enough to persuade politicians to take action to reduce the deficit.
https://www.youtube.com/watch?
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
