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Concerns over the multi-decade high inflation, continued Russia-Ukraine crisis, rising energy and commodity prices, lingering supply chain disruptions, and the possibility of a recession are making investors pull money out of the stock market lately. With inflation hitting a new 40-year high of 8.6% in May, the Federal Reserve hiked the benchmark interest rate by 75 basis […]
Cushion between our borrowing capacity on the one hand and the level of debt on the other. that is beginning to shrink. and if we get to the point where we're having difficulty selling our security, our treasury issues, then interest rates begin to move, and our ability to move internationally to essentially be the major currency, the major economy, the major economic power in the world is significantly diminished. history tells us that great powers when they've gotten into very significant fiscal problems have ceased to be great powers. >> the part of the fix here according to the budget has ...