U.S. national debt about to reach bleak $40 trillion milestone - and it's likely hit $50 trillion soon
MarketWatch·
- The U.S. national debt is approaching $ 40 trillion, with Bank of America strategist Michael Hartnett predicting it will reach $ 50 trillion by July 2029.
- Annual interest servicing costs have reached $ 1.5 trillion, reinforcing market sentiment against fixed-income investments and driving investor preference for equities.
- Hartnett recommends long-duration assets, gold, and emerging markets while advising caution regarding potential risks in AI stocks and bond yields.
