#fiscal-reform

#fiscal-reform

Like many other economists and experts, Dimon warns that at some stage the government will race a reckoning: They will try to sell debt and find either the market no longer wants to buy it, or the risk has increased to a point where they demand even higher interest payments. The metric that speculators are most concerned by is the debt-to-GDP ratio, in layman's terms: If an economy is growing fast enough to repay and service its debts.