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Surveillance: March CPI Sets Stage for Fed

Bloomberg Surveillance

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The Tipping Point for Termite Yield

The odds of your tipping go up and probably go up nonlinearly the closer you get to R minus G being zero because this is the math. Once you're above, once that R minus G turns positive meaning interest rates are outpacing growth, that's when the bad debt dynamics kick in. That's when if you have debt to GDP it's over 100 percent of kicks in. Now it's not a tipping point that that happens going back to where Tom started this this week, this month. Maybe for Bolivia not for the US. But if that turns out to be the case that being rates above growth rates for six months a year then you start getting serious. The bad politics has

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