US Debt: The Sting of Higher Interest Rates is Just Getting Started

by Peter Schiff, Schiff Gold: The Treasury increased the total debt by $27B in June. Activity slowed in the latest month across all instruments, but particularly the conversion of short-term to long-term. After massive moves to extend debt maturity and shrink short-term debt by $530B over 4 months (shown below by the large negative turquoise […]

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