J.P. Morgan"s David Kelly warned this week that the United States is "going broke slowly" as the national debt continues to rise. The U.S. national debt has surpassed $37.8 trillion, with interest payments exceeding $1.2 trillion. Kelly noted that the debt-to-GDP ratio, currently at 99.9%, is expected to increase even with moderate economic growth.
Despite some temporary relief from tariff revenues, Kelly cautioned that political decisions or an economic slowdown could quickly deteriorate the fiscal situation. He advised investors to consider diversifying away from U.S. assets to mitigate risks associated with the growing national debt.
For more on economic trends, see our previous reports on significant market developments.
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