The Fed has a dilemma, almost a race, between two things as they raise rates here.
1) Raising rates generally results in tighter borrowing standards on a lag. This can reduce lending-driven money cre...
The Fed have painted themselves into a corner. And on top of this, the debt ceiling needs to be addressed and when it is raised, Congress will use that to go further in debt.
Default of debt will happen by the end of this decade.
Default of debt will happen by the end of this decade.