đU.S. Interest payment is now equal to Defense spendingAnd 30% of the debt has to be refinanced in the next 12 months at todays higher rates!!Hang on! đ pic.twitter.com/stDRMEkpSmâ Mark Moss (@1MarkMoss) May 11, 2023 And Fedâs IOR policy (now at over 5% annual) providing B/mo. of additional Capital to Depository system leading to a recent all time high in Depository system Residual:Hard to imagine how the Art degree brain could see any of this as debilitatingâŠ. đ€
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Challenges to the strong golden rule: MMT and bond market paranoia â Simon Wren-Lewis
Mike Norman writes Trump is Fighting an American Class War â and Winning â Joel Kotkin
Mike Norman writes Remembering Jim Crotty â JW Mason
Mike Norman writes At Least Itâs Not As Bad As 1994 — Brian Romanchuk
đ
U.S. Interest payment is now equal to Defense spending
And 30% of the debt has to be refinanced in the next 12 months at todays higher rates!!
Hang on! đ pic.twitter.com/stDRMEkpSm
â Mark Moss (@1MarkMoss) May 11, 2023
And Fedâs IOR policy (now at over 5% annual) providing $14B/mo. of additional Capital to Depository system leading to a recent all time high in Depository system Residual:
Hard to imagine how the Art degree brain could see any of this as debilitatingâŠ. đ€