It’s interesting how the discussion involves a weakening dollar and then goes on to state obligations in nominal values. A weaker dollar may just be the only way out this huge debt hole.
” A weaker dollar may just be the only way out this huge debt hole. “
Did I misread the article??
What I understood was that as US debt comes due, we don’t have the cash to retire it, so we must ‘roll’ (re-borrow) it at a higher interest rate - which negates any perceived ‘advantage’ from the weaker dollar....
What am I missing??