The National Debt will hit $50 trillion by July 2029

 I thought I was pessimistic but an economist is thinks the situation is much worse.

In the coming days the U.S. national debt is set to breach $40 trillion for the first time. Soberingly, Bank of America’s chief equity strategist, Michael Hartnett. predicts that the next milestone, $50 trillion, will be reached in July 2029. These worrying landmarks reinforce a market perception that fixed-income investments are losing bets, a sentiment Hartnett summarizes as “Anything But Bonds.”

See https://www.msn.com/en-us/money/economy/ar-AA2a79gF

Also: https://www.morningstar.com/news/marketwatch/20260814117/the-us-national-debt-is-about-to-reach-40-trillion-milestone-and-its-likely-to-hit-50-trillion-soon

My forecast puts in sometime in 2031.