SkyBridge Capital founder Anthony Scaramucci said on Wednesday that the US would effectively address its debt crisis by allowing inflation to rise slightly, even though this could have a negative impact on savers and low-to-middle income households. polarization of economic debates Before the November 5 election.
Concerns about technical defaults and the threat of repeated debt-ceiling impasse grew further after the government reported that its budget deficit for the fiscal year ending September 30 increased 8% from the fiscal 2023 figure to $1.833 trillion, which The third largest is federal. deficit in american history
“There are a lot of people who think that America is about to enter this tremendous debt crisis. And I believe we are going to solve it … and we are going to prevent it from happening,” Scaramucci told the Reuters Global Markets Forum.
Scaramucci’s comments deviate from many market participants who have expressed concerns about U.S. debt sustainability amid threats of another sovereign rating downgrade.
The debate also intensified after market forces estimated that Republican presidential nominee Donald Trump’s economic plans would add twice as much debt as those of his election rival, Democratic Vice President Kamala Harris.
“I like Harris’ plan better. My Wall Street contemporaries don’t do that,” said Scaramucci, a financier who briefly worked in the Trump administration. “They traded the market with high expectations that Donald Trump was going to win the election.”
A possible second Trump administration has also fueled a stake Cryptocurrency prices rise againBitcoin has surged close to a record after the former president vowed to make the US the “crypto capital of the planet.”
Scaramucci said, as we approach the middle of 2026, Bitcoin will reach $170,000.
“I believe it is coming, and again, I am talking about a threefold increase in 18 to 24 months. “I don’t think it’s impossible for this property to happen, given the definite limited supply, and I think there is a lot of demand,” he said.
Bitcoin, the world’s largest cryptocurrency, last traded at $71,865. There has been an increase of 69% so far this year.
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