Mike's Daily Comment
Record low borrowing rates have impacted housing, stock prices and deficit financing. Government borrowing costs a lot more today than borrowing just a few months ago.
The cancel culture, doxxing, violent protests are all reminders that the work to end bullying and the disrespect for others that is at the heart of it has a long way to go.
Refusing to call the rape, torture and forced sterilization of Uyghurs genocide is just the latest example. But businesses & universities who deal with China should get used to it.
The pandemic related economic fall-out is just the latest illustration of who pays the biggest price in a weak economy.
You Think Rising Rates Don’t Matter?
Posted by Michael Campbell
on Friday, 26 February 2021 8:24
Think again. That interest on the $100 billion stimulus package they talked about in November would now cost $873 million more in interest per year.