PRC suspends publishing youth unemployment stats after June’s 20+% print. Breitbart editors: “PRC locked in deflationary spiral,” jobless estimates as high as 46%; Fed faces different scenario
Fed’s problem seems to be ineffectual rate increases that mainly destroy assets of many banks as well as forcing Treasury to offer higher yields to auction their quota of US debt. IOW, interest payments on US debt will consume ever more of the federal budget—or ultimately lead to default on interest payments, even frozen bond maturity obligations (AKA sovereign default, a Zimbabwe-type “Minsky Moment”)
Add Comment
All Comments Hide marked as read Mark all as read
- Comment hidden by post owner or admin, or due to low comment or member score. View Comment
