How Many More Rate Hikes can US Gov Afford?

The Heresy Financial Podcast - A podcast by Joseph Brown

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Interest rates have been skyrocketing recently because the Federal Reserve is not blinking in the face of struggling Americans. They're trying to crush the inflation monster regardless of how many 401ks they destroy along the way. This means that mortgage rates are going up; car loan rates are going up; credit card rates are going up. And key here, the United States government's debt interest rates are going up. But it's not as you might think, because that's making many people ask the question, how high can interest rates go before the federal government defaults and can't pay their bills? Well, the answer is really a different question. The question is not how high can interest rates go, but how long can interest rates stay high?