Many Happy Returns cover image

Trump, Tariffs and AI: The Stories Shaping Markets in 2025

Many Happy Returns

CHAPTER

Analyzing Debt and Credit Market Dynamics

This chapter explores the rising public debt and its anticipated impact on market conditions by 2025. The discussion highlights concerns over tight credit spreads as a potential indicator of unwarranted optimism in the economy, revealing the risks of complacency and possible defaults in uncertain times.

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