US economy fails to keep pace with national debt, advocates warn
Updated
Updated · The Center Square · Apr 23
US economy fails to keep pace with national debt, advocates warn
2 articles · Updated · The Center Square · Apr 23
Ryan Clancy of No Labels said rising 10- and 20-year yields, reduced Treasury and dollar holdings, and stronger demand for precious metals signal weakening confidence.
He warned hedge funds holding Treasuries could sell faster than foreign governments, accelerating any crisis, while conflict in Iran has temporarily boosted demand for dollars.
Clancy cited Greece's collapse as a warning that a US debt crisis could force spending cuts, tax rises and weaker pensions, arguing Washington must reassure bond buyers on fiscal discipline.
Could 'shadow banks' holding trillions in U.S. debt trigger an economic crisis faster than anyone can react?
As global banks favor gold over U.S. treasuries, is the dollar's global dominance facing its greatest challenge yet?
With Social Security's trust fund facing depletion by 2032, what does the future of American retirement actually look like?