Why do you believe that high global deficits will eventually become a serious economic problem?
Replied byJamie Dimon
Chairman & CEO at JPMorgan Chase
Niche: Finance
Revenue: Approx. $15 Billion/month
Location: USA
Started: 1799
Debt-to-GDP ratios are at one hundred percent across the U.S. and Europe, with deficits hovering around five to six percent during good economic times. Historically, these numbers only occurred during depressions or wars. If we do not address this maturely, the bond vigilantes will eventually rattle the market and drive interest rates higher.
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