He says that the high issues they transmit in issues, that increased debt levels can pay capital outside the American border: Report
The world’s largest asset manager says that the risk of canceling the global economy has increased due to the high levels of US debt.
In a future note of fixed income in the third quarter seen by ReutersBlackrock analysts say the increasing government debts weaken the demand for major American assets such as the dollar and the long treasury.
Although the cancellation of fading may be out of reach, analysts say that the financial situation of the government is increasing, especially after the approval of the Trump’s draft law for spending and spending, which is expected to add up to $ 5 trillion to national debt over the next five years.
Black Rock says,
“We highlight the risky position in the debt of the United States government for some time now, and if we leave without deterrent, we consider debts the largest unilateral danger to the” special situation “of the United States in the financial markets.”
Investment managers in the company also warn against allocating an increasing amount of government spending to pay interest on debt.
According to the committee on the responsible federal budget (CRFB), the United States expected To spend 5.3 % of GDP – about 29 % of its total revenue – on the benefit of the national debt by 2034.
Blackrock says that there may not be a sufficient natural demand to raise the size of the debt that the United States tries to sell, which can support revenues and make the debt burden worse.
“Despite the proposed spending discounts, the deficit still climbs – and more of this spending is now moving towards benefits payments …
As foreign investors decline and the government exports more than half a trillion dollars of debt per week, the risk of private markets is unable to absorb this debt and thus pays government borrowing costs to the top. “
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