US faces ‘death spiral’ of swelling debt – Nassim Taleb ...News

Russia Today - Economy
US faces ‘death spiral’ of swelling debt – Nassim Taleb
source : Russia Today ( News ) () 13
Only a “miracle” can reverse the problem, the renowned economist believes The burgeoning US debt pile is akin to a “death spiral” that only a “miracle” could extract the country from, economist and 'Black Swan' author Nassim Taleb said at a business event on Monday, as quoted by Bloomberg. Taleb defined the expanding US debt load as a “white swan,” meaning a risk event that is highly predictable and more probable than a “black swan” event, a metaphor describing an occurrence that comes as a complete surprise. “So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the

Read More Details
Finally We wish PressBee provided you with enough information of ( US faces ‘death spiral’ of swelling debt – Nassim Taleb )

Apple Storegoogle play

Also on site :

Most viewed in Economy
U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows
CNBC - before 3 hours & 39 minute
FinThrive Introduces Agentic AI at HFMA 2025 to Help Customers Transform Healthcare Revenue Cycle Management Performance
PR Newswire - before 7 hours & 7 minute
Trump Policy Threatens Residential Solar Industry
OILPRICE - before 6 hours & 14 minute
What the U.S. strikes on Iran could mean for world oil prices
Washington Post - before 4 hours & 10 minute
Oil Rises 3% After U.S. Bombs Iranian Nuclear Sites
OILPRICE - before 39 minute
Tesla launches long-awaited Robotaxi in Austin
Washington Post - before hour & 29 minute
State Launches State Echo: An Agentic AI Platform for Insurance Follow-Up and Denials Management
PR Newswire - before 57 minute
Why a Water-Powered Car is Scientific Nonsense
OILPRICE - before 4 hours & 14 minute
U.S. Sits on Billions of Untapped Oil Barrels
OILPRICE - before 21 minute
Middle Eastern Oil Giants Go On LNG Buying Spree
OILPRICE - before 2 hours & 7 minute
One in seven people ‘have lost money to fraud in past year’
INDEPENDENT - before 3 minute


Latest News

One in seven people ‘have lost money to fraud in past year’

before 3 minute

U.S. Sits on Billions of Untapped Oil Barrels

before 21 minute

Oil Rises 3% After U.S. Bombs Iranian Nuclear Sites

before 39 minute

State Launches State Echo: An Agentic AI Platform for Insurance Follow-Up and Denials Management

before 57 minute

Tesla launches long-awaited Robotaxi in Austin

before hour & 29 minute

Middle Eastern Oil Giants Go On LNG Buying Spree

before 2 hours & 7 minute

U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows

before 3 hours & 39 minute

What the U.S. strikes on Iran could mean for world oil prices

before 4 hours & 10 minute

Why a Water-Powered Car is Scientific Nonsense

before 4 hours & 14 minute

The 5 best-run cities in America — and the 5 worst-run cities

before 4 hours & 32 minute

Trump Policy Threatens Residential Solar Industry

before 6 hours & 14 minute

FinThrive Introduces Agentic AI at HFMA 2025 to Help Customers Transform Healthcare Revenue Cycle Management Performance

before 7 hours & 7 minute

South Africa Secures $2.2 Billion To Help Transition Away From Coal

before 8 hours & 21 minute

What is financing for development?

before 9 hours & 40 minute

U.S. races to develop alternatives to China’s rare earth materials

before 13 hour & 3 minute