🧵 1/ Hedge Fund CIO warns of approaching debt super-cycle endgame. US deficit to reach 7% of GDP in 2024 and 6.9% in 2034, CBO report shows. #finance
🧵 1/ Hedge Fund CIO warns of approaching debt super-cycle endgame. US deficit to reach 7% of GDP in 2024 and 6.9% in 2034, CBO report shows. #finance
🧵 2/ $2trln deficit this year, up from $1.5trln. $95bln aid for Ukraine, Israel, and Indo-Pacific to add $900bln in new spending over a decade.
🧵 3/ European Central Bank predicts 3% average fiscal tightening for Eurozone nations till 2070. More cuts needed to reduce debt to EU limit of 60% of GDP.
🧵 4/ ECB warns of challenges from aging populations, climate change, and defense spending. But cuts could trigger depression and EU breakup.
🧵 5/ Italy approves law transferring fiscal powers to regions as debt super cycle nears endgame. Nations resort to survival strategies in uncertain times.
🧵 Read more at: https://www.zerohedge.com/markets/hedge-fund-cio-were-approaching-debt-super-cycle-endgame