Wall Street warns in unison: This time the U.S. debt crisis is not a false alarm; if we don't stop the bleeding now, the consequences are unimaginable.

According to the Wall Street Journal reported yesterday (3), a group of Wall Street heavyweights, including JPMorgan CEO Jamie Dimon and others, warned in unison that the scale of US debt is expanding at an alarming rate. (Synopsis: 30-year U.S. Treasury yields soar above 5%!) The United States has lost all 3A credit reviews, should investors be nervous) (Background supplement: U.S. stocks + dollar fell, but U.S. bond yields soared, why does the economist say this is an extremely dangerous signal? According to the Wall Street Journal reported yesterday (3), a group of Wall Street heavyweight experts, including JPMorgan Chase CEO Jamie Dimon and others, warned in unison that the scale of US debt is expanding at an alarming rate, which may drag down the economy. Even though the debt crisis is a well-worn topic, the WSJ stresses that this debt alert cannot be ignored. The report quoted a number of financial leaders as warning about the U.S. debt crisis, such as JPMorgan CEO Jamie Dimon, who bluntly said: "The bond market is about to crack!" He warned that if the debt problem gets out of control, the consequences will be unimaginable. Bridgewater founder Ray Dalio predicts that the United States has only "about three years, up and down for a year" to avoid a "heart attack" in the economy. Another expert, Peter Orszag, chief executive of Lazard Investment Bank, also admits that in the past, warnings about debt seemed to "cry wolves", but now "wolves are approaching the door". Paul Tudor Jones, a hedge fund manager, likens the calm of the current market to a "masquerade wrestle" in which investors know their debt is unsustainable but choose to ignore it for a while. Debt Snowball: New Bill Becomes Concern In addition, the WSJ pointed out that the US debt problem has not only not been alleviated, but may worsen in the future. The reason is that the tax and spending bill currently before the Senate, called the "big and beautiful bill", is seen as a bait to lure the fiscal wolf. The Federal Committee on Budget Responsibility estimates that the bill will add about $3 trillion in debt over the next decade, and that number could rise to $5 trillion if some of the temporary measures become permanent. Another pressing pressure is that interest payments on the federal debt this fiscal year have exceeded the defense budget and even more than Medicaid, Doom Insurance and food stamps combined. The CBO assumes that the bond market can tolerate a surge in spending and expects yields to fall, but if the yield on 10-year Treasury bills remains at the current level of 4.4%, it will add an additional $1.8 trillion in interest costs over the next decade. And if yields soar further due to market panic, the debt burden will be even more unbearable. Total U.S. debt reaches $36.2 trillion According to the latest data from the U.S. Treasury, the total U.S. debt has reached $36.2 trillion and continues to grow rapidly. Total U.S. debt reaches $36.2 trillion Related reports Buffett is full of U.S. debt! Berkshire's position exceeded $300 billion, far exceeding the Fed, what is the stock god making? How do stablecoin issuers make money? Is there so much oil and water in U.S. bonds and interest rates? JPMorgan CEO warns: U.S. debt "sooner or later" Fed or repeat the 2020 bailout script! Will Bitcoin benefit from the rise? "Wall Street warns in unison: the U.S. debt crisis is really not a wolf this time, and the consequences are unimaginable" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".