On: Canoo spent double its annual revenue on the CEO's...

[baq]

End of ZIRP was supposed to deal with shit like this. Looks like money is still too cheap.

I've seen people saying rates are going higher from here back in 2022. While this isn't my base case, it certainly isn't impossible.

[moomoo11 → baq]

Rates should go to 15% without bailouts.

Anyone who survives that deserves all of the rewards.

[cm2187 → moomoo11]

That may not include the US Treasury.

[lotsofpulp → cm2187]

What would stop the US Treasury from printing as much cash as needed to pay its debt?

[cm2187 → lotsofpulp]

Inflation

[lotsofpulp → cm2187]

I would bet on the US federal government printing money to pay debts rather than default.