US debt-service costs are now at their highest since 2009 as rates soar.
Over the next year, this will continue to rise as US debt is refinanced at higher rates.
Yet another sign that $4 trillion in "free stimulus" is not really free.
There's no such thing as free money. pic.twitter.com/NQxC2VozHO
— The Kobeissi Letter (@KobeissiLetter) September 6, 2023