This is why Powell has been raising rates so quickly. He thinks he is going to shock the market into forgetting cpiflation and then lower rates again before the debt service kills us.
Where does anyone think the new cash is coming from to service this debt? Taxes? LOL. Yeah, right. Those 87k new IRS agents will cost the government more than the additional revenue they can bring in.
The fed is checkmated now. Know this in your heart. Understand it implicitly. Stop thinking day to day and just stack instead of contributing to a 401k that the government WILL end up stealing at some point.
h/t Hephaestus4
Views: