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Inside Camp Kotok | David Kotok on “Disastrous and Debilitating” Effect Of Debt Ceiling on Bond Markets
Forward Guidance
The Debt Ceiling Fight: Should We Enrich the Richest?
Congress should not enrich the richest by a congressional action, which is totally unnecessary. If you have a trajectory which is higher, you benefit the people who are receiving the interest rate at the detriment of those who are paying. The 30-year home mortgage interest rate hit 7.4. That's where the real impact hits. When Fitch downgrades, the world didn't come to an end, we went fishing.
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