The continued rise in U.S. debt has unnerved the financial world
Legendary investor Paul Tudor Jones recently told the outside world that the U.S. economy is "on steroids" because of the rapid growth in U.S. government borrowing and spending, but this is unsustainable and the market will feel the impact of huge deficit spending sooner or later. Mr. Jones's comments were seen as too conservative, and earlier this month, several prominent figures in the financial industry warned the U.S. about the risks of its growing national debt, a looming danger that has certainly rattled the financial community.
more
