⚠️ Moody’s Analytics Chief Economist Mark Zandi is warning that the odds of a serious Federal Reserve policy mistake are “uncomfortably high and rising.”
His argument: Higher rates cannot fix supply-driven inflation, but they can trigger layoffs and weaken an already fragile non-AI economy.
Worth reading:
BREAKING: U.S. debt officially just passed $40 trillion for the first time.
1/3rd of the debt must be refinanced within the next year.
If Japan dumps U.S. treasuries in an attempt to save the Yen-
U.S. Treasury yields will surge, despite the fact the 30 YR is already at its highest level since 2007.
Refinancing is about to get a lot more interesting.