First published at 16:37 UTC on October 21st, 2023.
The US debt is out of control, and there is no brake on spending. Interest expense on this debt is getting ready to cross $ 1 trillion per year with the potential to explode higher if the US goes into recession.
It is not a matter of whether the FE…
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The US debt is out of control, and there is no brake on spending. Interest expense on this debt is getting ready to cross $ 1 trillion per year with the potential to explode higher if the US goes into recession.
It is not a matter of whether the FED will resort to QE and rate cuts. It is a matter of when and by how much.
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