In the deluded minds of the masses, surely soaring interest rates must be good news, in spite of the fact our once-great nation is $32 trillion in debt (actually vastly more, but…….) and consumers are already under the heel of oppressive monthly payments. We can see on the ultrashort fund against bonds (a proxy for rates) it’s up, up, and away…………

As the world decides that maybe lending more trillions to a crumbling nation isn’t such a spiffy idea:

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