US $34 trillion national debt is ‘boiling frog’ scenario for economy
A senior JPMorgan Chase analyst has warned that the country's soaring national debt, which recently surpassed a record $34 trillion, resembles a “boiled frog” for the economy and Wall Street investors. Michael Chamberrest, head of markets and investment strategy for JPMorgan's wealth management division, predicted dire consequences for the economy if the Biden administration doesn't […]