Rabbit Hole Recap #255: The Debt Ceiling Does Not Exist
Rabbit Hole Recap
00:00
The Debt Ceiling and the Bear Market
A lot of this debt right now, as you can see with the hockey stick growth on the chart has occurred between 2008 and 2020 one. I believe more than 50% of them are due to roll over in the next year, year and a half. Once they roll over, if interest rates are still high, the Fed is holding rates higher. That means they have to roll over at higher rates. What's means they're going to have to pay even more interest on this debt that we're seeing here,. which will mean that the debt will rise even faster. We need to come to grips with this and try to solve it one way or another.
Transcript
Play full episode
