National debt crisis 'more urgent' than ever, BlackRock says | Fortune
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“The situation is more urgent than I can ever remember,” Fink wrote in his annual letter to investors on Tuesday. “There’s a bad scenario where the American economy starts looking like Japan’s in the late 1990s and early 2000s, when debt exceeded GDP and led to periods of austerity and stagnation.”
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- “The situation is more urgent than I can ever remember,” Fink wrote in his annual letter to investors on Tuesday. “There’s a bad scenario where the American economy starts looking like Japan’s in the late 1990s and early 2000s, when debt exceeded GDP and led to periods of austerity and stagnation.” The national debt is rising at a rate of $1 trill...
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