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Wall Street Silver
@WallStreetSilv
·
1h

We have $31 trillion in debt and yields are rising to 4% and higher.

This is simple math. As more debt matured and rolls over at higher rates, the interest to service the debt swallows much of our tax revenue.

Bottom line:

The Fed can’t go much higher.

The Fed can’t stay at high rate levels for years.

If they do, interest to service the national debt approaches $1.5 trillion per year, which is 35%+ of our total tax revenue.

That is debt death spiral level.
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zerohedge
@zerohedge
·
1h

*US 10-YEAR YIELD CLIMBS 6BPS TO 3.77%, HIGHEST SINCE 2010
Wall Street Silver
@WallStreetSilv
·
1h
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[exit82]

unusual_whales
@unusual_whales
·
41m

“Higher interest rates are going to lead to a slowdown in both consumer borrowing as well as corporate borrowing,” said Lance Roberts, chief investment strategist and economist at RIA Advisors, per Reuters.
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unusual_whales
@unusual_whales
·
Sep 21

JUST IN: Three major U.S. banks said they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008, per Reuters.

[Rusty0604]

That is exactly correct.