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Watch this for early signs the U.S. is tipping toward a debt crisis, says Deutsche Bank
A ballooning budget deficit combined with a rising current-account deficit are raising the odds the U.S. could suffer an emerging-markets-style debt crisis, analysts at Deutsche Bank warned this week. To be sure, danger doesn’t appear imminent and the odds may even be overstated, but the risk is rising and shouldn’t be ignored, wrote Quinn Brody, macro strategist, and Torsten Slok, the bank’s chief economist, in a Wednesday note. A sovereign debt crisis occurs when a country is perceived as no longer able to meet its debt obligations.
https://finance.yahoo.com/m/5734bc5...d6e/watch-this-for-early-signs.html?.tsrc=rss
A ballooning budget deficit combined with a rising current-account deficit are raising the odds the U.S. could suffer an emerging-markets-style debt crisis, analysts at Deutsche Bank warned this week. To be sure, danger doesn’t appear imminent and the odds may even be overstated, but the risk is rising and shouldn’t be ignored, wrote Quinn Brody, macro strategist, and Torsten Slok, the bank’s chief economist, in a Wednesday note. A sovereign debt crisis occurs when a country is perceived as no longer able to meet its debt obligations.
https://finance.yahoo.com/m/5734bc5...d6e/watch-this-for-early-signs.html?.tsrc=rss
