Professor predicts 2025 financial meltdown

[farmgirl]

www.dailymail.co.uk/news/article-13152123/Wharton-professor-predicts-2025-financial-meltdown-34-trillion-debt-set-derail-administration.html

Wharton professor predicts 2025 financial meltdown with $34 trillion debt set to 'derail the next administration'
Wharton Business School Professor Joao Gomes has said the debt mountain marks a 'moment in history' and it could 'derail the next administration'
Experts are currently predicting that the eye-watering debt-to-GDP ratio will reach 190 percent by 2050 if it remains on its current trajectory
The last two administrations - run by Biden and Trump - oversaw the largest deficit accumulations since Franklin D Roosevelt during the Great Depression

[sunny225]

I just heard that the US is making a trillion dollars in debt every 100 days.

www.theburningplatform.com/2024/03/03/why-they-are-creating-1-trillion-of-debt-every-100-days/

[Ozarks Tom]

We've been whistling past the graveyard for years. At this point all it will take is a big hedge fund nobody has ever heard of going insolvent, with a cascade of others holding their derivatives following. We cam very close in 2008, but we didn't have the out of control debt and were able to save the banks. Not so much next time.