All content for Notes on the Week Ahead is the property of Dr. David Kelly and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Listen to the latest insights from Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management to help prepare you for the week ahead.
The Big Picture on Debt, Deficits and Interest Rates
Notes on the Week Ahead
12 minutes 25 seconds
6 months ago
The Big Picture on Debt, Deficits and Interest Rates
“Unsustainable!”
To quote Inigo Montoya: “You keep using that word. I do not think it means what you think it means”
For decades, journalists, economists, politicians, and central bankers have said that the U.S. federal debt is on an “unsustainable” path. However, it has stayed on that path, climbing from a very manageable $3.3 trillion, or 31.5% of GDP, in fiscal 2001, to $28.3 trillion, or 98.2% of GDP in fiscal 2024.
Notes on the Week Ahead
Listen to the latest insights from Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management to help prepare you for the week ahead.
