The US will need to refinance almost half of its national debt in less than 2 years. Let’s not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over at 5% rates.
The U.S. credit rating outlook was lowered from “stable” to “negative” this week by Moody’s Investors Services as another government shutdown looms.
h/t theSilverVigilante
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