That would be just about the fastest way you could spike US Treasury yields into a debt crisis.
The interest payments on sovereign debt need to be coverable with tax revenue unless you want hyperinflation (real hyperinflation, not meme hyperinflation). The US can't afford interest payments to be any larger.
The Fed has no statutory duty to the stock market.
1.) The Fed is tightening because of hot and worsening inflation 2.) The bubble pop doesn't pose systemic risk to the US economy 3.) AI companies hardly employ any Americans (that's the entire point) 4.) There's already…
That would be just about the fastest way you could spike US Treasury yields into a debt crisis.
The interest payments on sovereign debt need to be coverable with tax revenue unless you want hyperinflation (real hyperinflation, not meme hyperinflation). The US can't afford interest payments to be any larger.
The Fed has no statutory duty to the stock market.
1.) The Fed is tightening because of hot and worsening inflation 2.) The bubble pop doesn't pose systemic risk to the US economy 3.) AI companies hardly employ any Americans (that's the entire point) 4.) There's already…