How Federal Debt May Impact Banking
South State Correspondent
APRIL 4, 2024
Because secular changes occur over decades, many management teams miss the telltale signs of significant secular disruptions—think of a frog boiling slowly in a pot, not appreciating the changes in the water temperature over a longer period. By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050.
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