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Rockefeller International chair warns U.S. high debt levels could create economic bubble by 2029.
Ruchir Sharma, chair of Rockefeller International, warns that the U.S.'s reliance on government debt, now near 100% of GDP, is a "fatal flaw" creating a potential economic bubble.
Interest payments on this debt are $1 trillion annually.
Despite economic growth and strong demand for U.S. Treasuries, concerns persist about fiscal stability by 2029, with the International Monetary Fund highlighting a persistently high budget deficit.
Some argue the U.S. can handle high debt due to less borrowing in other sectors, while others fear a loss of fiscal flexibility.
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El presidente de Rockefeller International advierte que los altos niveles de deuda de EE.UU. podrían crear burbuja económica para 2029.