They are sitting on trillions in our own debt. Jamie Dimon of JP Morgan predicts an "economic hurricane " is coming.
They MUST raise rates. No one is going to buy those debt instruments at 3% rate while inflation is running 8.5%.
That means rates must rise significantly.
Not good for those holding revolving debt, borrowers, banks.
Troubled waters for sure.........................
They MUST raise rates. No one is going to buy those debt instruments at 3% rate while inflation is running 8.5%.
That means rates must rise significantly.
Not good for those holding revolving debt, borrowers, banks.
Troubled waters for sure.........................