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December 14, 2016 | Rate Hike Spotlight: Interest on National Debt; What Can Possibly Go Wrong?

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Despite GDP rising, unemployment rate falling, and interest rates near zero, interest on the national debt has soared.

Here’s a quick chart to reflect on, given the consensus opinion there will be 3 rate hikes this year.

interest-on-national-debt2

What can possibly go wrong?

Addendum

A question keeps coming up as to why debt increases far faster then the alleged yearly deficit.

Here is the answer: US Deficit at $590 Billion but Debt Up $1.2 trillion: Sleight of Hand Magic.

Mike “Mish” Shedlock

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December 14th, 2016

Posted In: Mish Talk

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