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

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Source: Yahoo Finance
"Black Swan Author Nassim Taleb and JPMorgan CEO Jamie Dimon Warn of US Debt Crisis"
Photo: Yahoo Finance
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 Western political system. Taleb also criticizes the stock market, stating that companies are overvalued and that analysts have lost sight of how to appropriately value them. Other Wall Street figures have also sounded the alarm about the debt level and stock market, while some experts remain bullish about certain tech stocks.

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