30 Trillion in debt and what do you get? Another day older and deeper in debt. What else do we get? Rising inflation and rising interest rates.
Mortgage rates are rising rapidly as The Federal Reserve contemplates 5-7 rate increases over the next year and removing their balance sheet stimulus.
And according to Fannie Mae, the share of Americans to say it’s a good time to buy a home hits an all-time low.
Yes, I want to see how The Federal Reserve will navigate the rising rate scenario in the face of $30 trillion … and growing … Federal debt load.
Instead of Tennessee Ernie Ford, I want to hear Delaware Joe Biden explain this to us.