U.S. national debt about to reach bleak $40 trillion milestone — and it’s likely hit $50 trillion soon
Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds.
Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds.
BELLINGS Intelligence Score: 55
Why it matters
The U.S. national debt approaching $40 trillion and potentially $50 trillion soon is a significant structural fiscal milestone with broad implications for credit markets, government borrowing costs, and monetary policy expectations, warranting elevated attention from credit professionals.
Sources
MarketWatch
U.S. national debt about to reach bleak $40 trillion milestone — and it’s likely hit $50 trillion soon
Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds.