"Black Swan Author Nassim Taleb and JPMorgan CEO Jamie Dimon Warn of US Debt Crisis"

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Source: Fortune
"Black Swan Author Nassim Taleb and JPMorgan CEO Jamie Dimon Warn of US Debt Crisis"
Photo: Fortune
TL;DR Summary

Nassim Taleb, who predicted the 2008 financial crisis, warns that the U.S. is in a "death spiral" due to its national debt, which currently stands at $34.14 trillion. He believes that a "miracle" is needed to rectify the issue and expresses gloom about the political system in the Western world. Additionally, Taleb and other Wall Street figures are sounding the alarm about the stock market, with concerns about overvaluation and the lack of understanding in valuing companies. Despite this, some experts remain bullish about certain tech stocks.

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