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The $34 trillion mountain of national debt is a 'boiling frog' situation for the US economy, JPMorgan warns (www.businessinsider.com)

submitted 9 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] yogthos@lemmy.ml -2 points 9 months ago

The article gives a few reasons, one being that private lenders tend to tighten up when inflation is rising because they realize that businesses won't be able to grow at a sufficient rate for them to make a return.

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