Most of the $30T in debt is fixed rate debt, so it doesn’t matter if interest rates go up for that debt or not. Now if you continue to run $1-2T deficits every year that becomes expensive if you’re paying 5% interest.
Futures up huge this morning, so guess nothing to worry about short-term. As the parabolic Russell run of the past 4 months looks to continue into March.
Hopefully the Fed can pull this off. Just seems like slashing rates to zero was the easy part. Trying to normalize rates without crashing the stock market will be the tricky part. I think they'll be forced to raise rates before the end of 2021.
News 
Market Data 
Discover 
AI
