Post by Tuur Demeester: "With $31T in debt, there's a fundamental ceiling on how high rates can go before everything breaks ....

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Tuur Demeester @TuurDemeester · Nov 3, 2022

From Twitter

"With $31T in debt, there's a fundamental ceiling on how high rates can go before everything breaks ... At 5.5%, debt service grows to 30% of the planned federal budget ... At 16%, it would become 86% of the planned federal budget." Great thread:

Tweet Nov 3, 2022

The Fed just gave *big* guidance They plan to take rates to 5%+ And hold them there for most of next year, until they've "defeated" inflation Here's why this won't work (according to basic math) 👇

by Max Anderson

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