Episode 154
FITCH reported this week that the 2024 US DEFICIT is currently at 8.1% OF GDP
September 3, 202410m 56s
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Show Notes
Fitch Ratings has expressed concern about the United States' burgeoning deficit, which is currently at 8.1% of GDP. This alarming figure is a sign of the country's financial instability and raises questions about its long-term economic health. The deficit is likely to put pressure on the US dollar and could lead to higher interest rates, making it more expensive for businesses and consumers to borrow money.