Mark Zandi Warns the U.S. Is Headed for a Fiscal Reckoning
The U.S. posted a nearly $2 trillion deficit in fiscal 2026, while net interest costs remained higher than the government spent on national defense. Moody’s Analytics Chief Economist warns that rising debt and higher borrowing costs could reinforce one another, adding pressure to an already strained fiscal picture. For Americans concerned about debt, deficits and the long-term purchasing power of the dollar, conditions like these can strengthen the case for diversifying into tangible assets such as gold.
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