Originally Posted by
causecelebre
Just can't see the fed increasing interest rates in a rush. The cost of their 5 year for each 1% rate increase is around $300b pa, if I recall correctly. The US look at debt service to GDP (modern monetary theory) which looks great when rates are low, rather that debt to GDP. The fact that the US debt rolls over every five years is a now cause of angst. Why didn't they lock in 100 year T-bills? $1.2t in infrastructure spending with another $2t social welfare in the pipe? On the other hand, with Jinping now having absolute power for ever, will his lasting legacy be a re-unifying Taiwan? Will we see a wag-the-dog situation or even real conflict before the end of next year?