What Can You Do to Protect Yourself?

The us. Treasury has an insatiable demand for debt, says David Frum. The cost of financing the debt is now two % londo, he argues. That's partly because of complacency on the part of bond traders and efforts by the fet to keep the interust trate down. If we get up to four point 4% in interest rates then there will be a real crowding out of the federal budget just to finance the debt - which could happen ten years from now. And so that's why i'm especially concerned about the prospects for inslation. It may not be six over one year next year but it gradually built toward 10%. In the 19 seventies