Is the US heading for a debt crisis?
The Rachman Review
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Navigating U.S. Debt Dynamics
This chapter examines the cyclical nature of debt in the U.S., drawing parallels to past financial crises and warning of imminent risks posed by high debt levels. It highlights the complex interplay between the credit system and economic growth, emphasizing the urgent need for political consensus to avoid potential disaster. The discussion also contrasts the U.S. debt situation with Japan's approach, exploring the implications for global reserve currency status amidst rising competition and fluctuating investment preferences.
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