Hey everyone, here’s a hot topic for today's news feed! Former IMF chief economist Kenneth Rogoff has sounded the alarm: high US debt and political gridlock could trigger an inflation crisis within the next decade. ⚠️
Rogoff explains that unchecked fiscal spending might start a vicious cycle—eroding market trust, spiking interest rates, and ballooning debt, which could make borrowing a major headache for everyone.
For our tech-savvy friends and early professionals across South and Southeast Asia, this situation is a reminder of how global trends hit close to home. It’s like overspending on your favorite gadgets or that must-have streetwear—eventually, the bill catches up with you! 💸
In a world where even startups from Bangkok to Bangalore depend on stable financial climates, staying informed is key. Keep an eye on these global shifts and manage your budget smartly. Stay tuned for more updates on trends that affect our daily lives! 😊
Reference(s):
Economist warns U.S. may face inflation crisis triggered by debt
cgtn.com
