Big Debt Plus Rising Interest Rates = Big Danger
“Because there’s so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% 15 years ago.”
Original Article: “Big Debt Plus Rising Interest Rates = Big Danger“
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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