by MN Gordon, All News Pipeline:

“As interest costs go up in the United States, you get in this vicious circle, where higher interest rates cause higher funding costs, cause higher debt issuance, which cause further bond liquidation, which cause higher rates, which puts us in an untenable fiscal position.” – Paul Tudor Jones, October 10, 2023

Feeling the Pinch 

The difficulties that an overindebted economy will encounter from rising interest rates range far and wide. Though they shouldn’t come as a surprise.