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But we saved everything 🙂.
Peter Mallouk highlights a rapid surge in U.S. national debt, noting that $450 billion has been added since July 1.
Mallouk points out this equates to over $15 billion in new debt every day. He references a quote attributed to John Adams, drawing a parallel between debt and the loss of national autonomy.
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Mallouk recently interviewed Carlyle Group CEO Harvey Schwartz on national debt and private investment in a discussion covering market conditions and economic challenges. In a separate observation, he noted that modest outward appearances do not always reflect actual wealth. These perspectives add context to his ongoing commentary on fiscal trends and personal finance.