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0 sats \ 0 replies \ @faithandcredit 3 Oct 2023 \ on: Why Should One Care About Rising US Bond Yields? meta
The US government is bankrupt :) Its spending more money than it "earns". The rude awakening is coming.
What is it going to look like? 10% drop in GDP at least. Because the US gov is only about 30% short in the budget. So when it defaults, the budget will shrink 30%. And afaik US gov is like 50% of GDP. So there will be pain when it busts and reconfigures. The goldilocks economy and the crazy bitcoin rallies are a thing of the past tho. Im not sure this helps anyone. But, feel free to comment.