A Million Simulations, One Verdict for US Economy: Debt Danger Ahead \ stacker news ~econ

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A Million Simulations, One Verdict for US Economy: Debt Danger Ahead www.bloomberg.com/news/articles/2024-04-01/us-government-debt-risk-a-million-simulations-show-danger-ahead

459 sats \ 4 comments \ @ssaurel 24 Apr econ

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54 sats \ 1 reply \ @ssaurel OP 24 Apr

Complete article here: https://archive.ph/lOvx6

With uncertainty about so many of the variables, Bloomberg Economics has run a million simulations to assess the fragility of the US debt outlook. In 88% of the simulations, the results show the debt-to-GDP ratio is on an unsustainable path — defined as an increase over the next decade.

Are you surprised?

I guess not, because otherwise, you wouldn't be on Stacker News.

I wonder how the general public reacts to this type of news coming from Bloomberg which describes the unsustainable situation towards which the American economy is heading for the future.

Do you think this could accelerate the adoption of Bitcoin? Or do you think that this will not change the general public's blindness to the flaws of the current system?

0 sats \ 0 replies \ @Fabs 24 Apr

I think most people either don't care, don't know what to make of it, or both.

0 sats \ 0 replies \ @Undisciplined 24 Apr

Mark Moss' commentary on that article: #516858

0 sats \ 0 replies \ @Satosora 24 Apr

I always see Yallen talking, but she never gets anything done. Every time she opens her mouth, shit comes rolling out like diarrhea. All her shit stinks!