A Ticking Time Bomb: A Huge National Debt Plus Rising Interest Rates – LewRockwell

Those who have been predicting a recession in the United States and an associated stock market crash seem to be having a hard time. At least, it appears so. US gross domestic product grew by 2.1 percent in Q2 2023, after growing 2.0 percent in Q1; the unemployment rate was rather low at 3.8 percent in August 2023; and the S&P 500 was at 4,460 points, around 10 percent below the index record of 4,818 points from January 2022. Yet, there are many variables that yield a point to the prophets of doom. For instance, high inflation has reduced the real incomes of people and businesses, … Continue reading →

Source: A Ticking Time Bomb: A Huge National Debt Plus Rising Interest Rates – LewRockwell