$34T debt triggering 2025 meltdown as mortgage rates spike above 7%

[thelastgallon]

https://fortune.com/2024/03/03/what-is-current-national-debt-how-can-us-get-out/

[JumpCrisscross]

This is literally a story about the gut feelings of a middling financial academic [1].

His one macroeconomic paper starts with "how should monetary policy respond to evolving financial conditions?," and then answers it with a toy DSGE model [2].

[1] https://fnce.wharton.upenn.edu/profile/gomesj/#research\

[2] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4393209

[15457345234 → JumpCrisscross]

I've noticed that the first three pages at the moment contain a lot of overly political hey-be-anxious-now type submissions.

Guess someone somewhere is trying to jerk a chain.

[bdjsiqoocwk → JumpCrisscross]

Wanna tell us what the claim even is, exactly? Is it that if the US doesn't reduce its deficit investor will stop buying its debt for fear of default?