4min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

How to survive the painful summer ahead

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

The US Debt Crisis Is Not Going to Be Pretty

Most of the countries have very high inflation rates are sitting at record debt GDP ratios. But let's get back to the US at 32 trillion in debt. Our interest payments alone are over one trillion, around one trillion. They're going to be much, much fewer people buying at this rate compared to when it was 3%, which is what 18 months ago.

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