I would tend to agree with this right now...it is where we have put ourselves and our children and grandchildren. With all of the various debt, the whole economy probably teeters on this one number. I know it is the number many are watching, as it effects bond holdings so dramatically, not to mention the ability to float future bonds (it even effects our local MUD ... the interest rate effects our tax rate, and if the rate goes too high we may not be able to float bonds for needed water and sewage facilities....no sewage plant really stinks, huh?), so you can imagine the larger dilemma of city governments like Houston or Chicago). This number could crush the USA with $17 trillion in debt. This number could absolutely destroy the holding value of bonds in every pension fund, effecting retirees everywhere. This number could destroy the surplus of insurance companies. Yes, the whole system could come a crumbling down......"But of much greater concern than a stock market crash is the 441 trillion dollar interest rate derivatives bubble that could implode if interest rates continue to rise rapidly." That, my freinds, is the BIG picture. Now go enjoy that Friday cup of coffee.... mine await me. theeconomiccollapseblog/archives/the-most-important-number-in-the-entire-u-s-economy
Posted on: Fri, 02 Aug 2013 13:54:38 +0000