The recent rise in U.S. Treasury yields has been concerning, and one analyst thinks the anomaly could spark an American debt crisis. Inflation USDebt Economics
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause 'Multiple Black Swans'
S&P 500 and the Nasdaq Composite prior to the stock market’s opening bell on Wednesday, September 7, 2022.on Tuesday as well. Platinum and Rhodium, however, jumped between 0.71% and 3.97% higher against the U.S. dollar during the last 24 hours. The global cryptocurrency market capitalization of all the existing crypto tokens lost 4.2% during the last day. At the time of writing, on September 7, 2022, at 7:00 a.m. , the crypto economy’s valuation stands at $940.10 billion.
“When you have $170 trillion of unfunded liabilities and $30 trillion of visible liabilities … How could that not be inflationary? Gayed asked Lin during his interview. “The only way to resolve that is to pay down that debt.”The portfolio manager further noted that Wall Street has suffered through some of the biggest monthly declines this year since the 2008 financial crisis.
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