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Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: 'It could derail the next administration' (fortune.com)

submitted 7 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] davel@lemmy.ml 2 points 7 months ago

Yup, things are changing pretty quickly. The US’s ability to expropriate through neocolonialism is slipping as well, and our capitalist class still has little interest/incentive to rebuild the indigenous industrial capacity that they offshored decades ago.

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