The world of finance and economics is always filled with debates and differing opinions, and one such debate that has been gaining traction recently is the confidence in US government debt. Clive Thompson, a former wealth management and Swiss private banking expert, has recently shared his views on the matter, stating that he believes confidence in US government debt is going to collapse. In a recent interview, Thompson stated, ‘We could get into a phase where there’s a spiral. People suddenly lose confidence in holding government debt, and they all rush to the exit at the same time.’ This is…
Comments