125 sats \ 0 replies \ @andyleroy 24 Aug 2022 \ on: Millennials Only Want This One Thing: Home Ownership bitcoin
Two article quotes:
As we saw in USD prices, this particular house is eight times as expensive, while energy consumption per capita is flat. By this logic, if it took you one month of riding your bike for 10 hours a day to generate the energy to buy the house in 1987, you would now need to ride your bike for eight months to buy the same house. Eight times as much energy for the same product? Better get out that Peloton subscription.
Using his [Allan Sloan's] rollover debt totals of about $7.1 trillion, every 100 basis point increase in the federal funds rate that feeds through to market yields on Treasuries adds another $70 billion to required government spending. If rates ever get up to a 5% range, that puts interest expense (on just current debt) at somewhere close to $500 billion. More than transportation, education, training, employment and social services combined.