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U.s. and question what kind of reserve currency the dollar and is it a trustworthy government as far as where people park their capital. i ve heard others say there s a growing debt bomb. as the debt increases, the bomb will go off at some point in the future. neil? neil: thanks, edward. mark tepper here. no longer aaa what do you think? as you alluded to, moody it is next to follow in line. we re in a world of hurt right now. we re talking about $32 trillion in debt, we re still running a deficit of 1.5 trillion per year. we have not run a budget surplus since 2001. we re now in a situation where this time actually is a little bit different. 50% of that $32 trillion needs
More Americans are relying on buy now, pay later (BNPL) services to afford basic necessities like groceries due to increasing inflation and consumer debt. According to a survey by the Federal Reserve, approximately one in eight consumers has used a BNPL service at least once in the past 12 months, slightly up from the one in 10 who […]