Loading ...How is the government going to pay its debts with the interest rates going up?
That is the trillion dollar question. I know it, you know it, but it is never mentioned in the media.
Bill Gross said the economy can’t take rates on the 10 yr. above 3%. It appears he may be right, but what happens when the Fed Funds rates hits 4 or 5?
Powell knows this which is why they’ve been trying so hard with the hawkish B.S.