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Jamie Dimon Warns $38 Trillion National Debt Is Going To ‘Bite’: ‘You Can’t Just Keep Borrowing Money Endlessly’

by The Wealth Advisor Contributor
JPMorgan Chase CEO Jamie Dimon: At some point, governments around the globe are going to have to examine their spending habits.

Featured

BlackRock Total Assets Hit Record $14 Trillion As ETFs Surge

BlackRock Inc. pulled in $342 billion of total client cash in the fourth quarter, pushing the firm to a record $14 trillion of assets.

Goldman Sachs, Morgan Stanley Profits Soar As Wall Street Capitalizes On 2025 Deal Boom

Wall Street’s dealmaking boom didn’t slow at Goldman Sachs (GS) and Morgan Stanley (MS) in the fourth quarter.

International Equities: Schafer Cullen’s Case for the Ongoing Opportunity

Schafer Cullen believes international equities still offer meaningful opportunities despite recent gains—from valuation gaps to currency tailwinds.

Recent

Advisor Wellness

Financial Advisors Beware: Fake SEC Emails Targeting the Industry

A phishing scam is targeting financial advisors by impersonating a senior SEC official, underscoring the ongoing risks of cybercrime within industry.

Commentaries

Ray Dalio Warns Politicians Face Voter Blowback Over America's Debt Crisis

Ray Dalio founder and former CEO of Bridgewater Associates, continues to raise alarms about challenges of addressing America's mounting national debt.

TAMPs

Amplify: Volatility Can Open The Door To Opportunity

Periods of market volatility are inherently stressful for both investors and financial advisors. However, for advisors prepared to help clients effectively navigate such an environment, volatility also presents an opportunity to shine. Delivering your expertise, empathy and insights successfully will reassure clients, differentiate you from the competition and help transform volatility into opportunity.

FundFocus

Saudi Wealth Fund Annual Profit Tumbles 60% As High Rates, Inflation Bite

Saudi Arabia's sovereign wealth fund's assets exceeded $1 trillion in 2024, but its net profit slumped 60% from a year earlier.

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Popular

The Trust Advisor

King Charles Moves To Reclaim Royal Lodge, Ending £30 Million Inheritance Path For Andrew’s Daughters

The Trust Advisor

Microsoft Founder Bill Gates' Billion Dollar Divorce Payout To Ex-Wife Melinda Finally Revealed

Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

Companies

Chip Stocks Jump As Nvidia Supplier TSMC Dismisses Bubble Fears: 'AI Is Real'

FundFocus

Bank CEOs Say $134 Billion Trading Record Is Just The Start

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