MarketFuturists bet that the national debt of the US government will rise by another $ 10 trillion by the end of the term of office of President Trump.
The decentralized prediction platform Kalshi out That is based on the price of recent transactions, the American national debt is now expected to grow from around $ 36 trillion to $ 46 trillion by 2029.
The site has also added a live American debt tracker to its website.
“Both Democrats and Republicans have not succeeded in curbing government spending … Now you can see the national debt grow live on Kalshi.”
The Kobeissi letter, a newsletter about global markets, out That if the American debt reaches $ 46 trillion, this “has risen officially +100% since 2020” and warns of serious consequences.
“On our current tax path, the American bankruptcy is just a matter of time. Something has to change.”
Ray Dalio, the founder of Bridgewater Associates, has also warned of serious economic and financial consequences, because the American national debt is now in pace of around $ 230,000 per American household to $ 425,000 per American household in the coming decades.
Dalio believes that the remedy is to lower expenditure and increase taxes to reduce the annual shortage of the gross domestic product (GDP) ratio.
“This printing and devaluating is not good for those who hold bonds as a wealth and which is bad for bonds and American credit markets is bad for everyone because the American treasury market is the backbone of all capital markets, the backs of our economic and social conditions.
Unless this path is quickly remedied to bring the budget deficit from approximately 7% of GDP to around 3% by indicating adjustments to expenditure, taxes and interest rates, there will probably be large, painful disruptions. “
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