Inflation at the highest in 40 years. Government debt at the highest ever. Interest rates jumping.
What could possibly go wrong??? Put another way, at which point does the US debt become unmanageable?
I’ll let the charts tell the story.
USA: CPI inflation (red line) and Yield on the 7 year Treasury Note (blue line)
Government Debt Interest Expense At Various Interest Rates
Charts with the yellow background are from Yardeni Research