2024

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 <p>America’s largest bank <a rel="dofollow" title="JP Morgan" href="https://thebittimes.com/tag/jp-morgan.html">JP Morgan</a> has issued a major warning about the prospects of the US economy and the dollar. The global leading bank took note of the $34 trillion debt that’s plaguing the US economy and threatening the markets. The bank warned that the US economy is now like a <strong>“boiling frog” </strong>waiting for a catastrophe to happen. <a rel="dofollow" title="JP Morgan" href="https://thebittimes.com/tag/jp-morgan.html">JP Morgan</a>’s negative outlook about the US economy and the dollar comes at a time when <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is looking to topple its global supremacy.</p> 
 <p><strong>Also Read: 30 New Countries Ready To Join BRICS in 2024, Confirms Russia</strong></p> 
 <p>For the uninitiated, the term boiling frog is a metaphor used to describe the failure to act against a problematic situation. The syndrome eventually increases in severity until reaching catastrophic proportions and the US economy is headed in the same direction. Read here to know how many sectors in the US economy will be affected if BRICS stops using the dollar.</p> 
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 <p><strong>Also Read: BRICS: Morgan Stanley Downgrades The U.S. Dollar</strong></p> 
 <h2 class="wp-block-heading" id="h-brics-jp-morgan-says-us-debt-amp-economy-is-now-like-a-boling-frog">BRICS: JP Morgan Says US Debt &amp; Economy Is Now Like a ‘Boling Frog’</h2> 
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 <p>The US national debt crossed $34 trillion this month in January 2024 reaching an all-time high. The debt is growing at an uncontrolled pace that could wreak havoc in the US stock markets. <strong>“The problem for the US is the starting point; every round of fiscal stimulus brings the US one step closer to debt unsustainability,”</strong> said <a rel="dofollow" title="JP Morgan" href="https://thebittimes.com/tag/jp-morgan.html">JP Morgan</a> strategist Michael Cembalest.</p> 
 <p><strong>Also Read: BRICS: India Gets Reality Check, Ditching US Dollar Becomes Impossible</strong></p> 
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    <p lang="en" dir="ltr">BREAKING: 🇺🇸 National debt surpasses $34 trillion for the first time ever.</p>— Watcher.Guru (@WatcherGuru) January 2, 2024
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 <p><strong>“However, we’re accustomed to deteriorating US government finances with limited consequences for investors. And one day that may change (the boiling frog analogy). The US has run out of the road on that one,”</strong> Cembalest added.</p> 
 <p><strong>Also Read: 4 Indicators Suggest the S&amp;P 500 Index Could Head South</strong></p> 
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 <p><a rel="dofollow" title="JP Morgan" href="https://thebittimes.com/tag/jp-morgan.html">JP Morgan</a>’s warning about the US economy coincides with the ideals of the de-dollarization efforts initiated by <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>. While the threat of debt looms large, <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> challenging the US economy is another danger America needs to confront. If left unchecked (like the debt), the cocktail is a recipe for disaster and <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> could bring the US economy down.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>JP Morgan</li>
  <li>US DOLLAR</li>
  <li>US Economy</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/brics-jp-morgan-issues-major-warning-about-us-economy-tbt75911.html">https://thebittimes.com/brics-jp-morgan-issues-major-warning-about-us-economy-tbt75911.html</a></p>

BRICS: JP Morgan Issues Major Warning About US Economy

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