Rates Are STILL Going Higher

by Karl Denninger, Market Ticker: Don’t be the fool. We’ve spent the last nearly forty years, as you can see here, in a generally declining-rate environment. Let me explain what this means for corporate America. I borrow $1 million at 13% interest.  This costs me $130,000 a year to keep “outstanding.”  I produce nothing for the next five years and pay the […]