MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
Macro Voices
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The Fed Forces a Massive Wall of Maturities in the Corporate Bond Market
The Fed forced that front end of the curve up near 5%, your interest expense is going to go up near $1 trillion on a run rate of interest expense. That's potentially a threat to tax receipts, which have been strong over the last couple of years. And so you've got so much borrowing that comes from the federal level that this huge wall of maturities are going to start coming in in 2024, 25.
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