“U.S. Default Risk Skyrockets: JPMorgan Predicts Shocking 35% Chance – Observers Stunned!”
At the recent IMF/World Bank spring meetings, attended by around 1,000 guests and 1,600 virtual participants, JPMorgan analysts reported that there is a 10% to 15% probability of a U.S. default on Treasury obligations. Some “outlier” views placed this probability as high as 35%. The U.S. Treasury is heavily relied upon as a source of […]