
Why more interest rate hikes are coming and Irish census revelations
The David McWilliams Podcast
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The American Debt Ceiling and Interest Rates
As long as the economy continues to rally, the rate of interest rate has to remain high. That means the debt burden that has been built up since 2008 will break and those companies will go bust. The Republicans have done that for their own because they believe in a day of reckoning when everything is going to go to shit. So if society doesn't collapse its own internal inconsistencies then yeah, hopefully the financial marks will do their job for them.
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