...this is the 'bad' Goldman scenario!
Fed Rate-Hikes Will Add Trillions To National Debt
...projects interest payments will triple from nearly $400 billion in fiscal 2022 to $1.2 trillion in 2032. And its worse than that...
https://www.zerohedge.com/markets/fed-rate-hikes-will-add-trillions-national-debt
Poster Comment:
Those are net interest payments. The gross interest this year is over $550 billion. That $1.8 trillion in 2032 will wipe out the Social Security budget though maybe not. Clot shot is killing off elderly people around here.
#1: Horse To: All (#0)
Goldman Says Fed May Slam S&P As Low As 2,900
"If the Fed needs to see the unemployment rate move to 5-6% to be confident that inflation will move lower, our simple benchmarking puts the S&P 500 in the 2900-3375 range and 5-year yields in the 4.5-5.4%
Horse posted on 2022-09-21 18:12:20 Reply Private Reply