by Kerry Lutz, Financial Survival Network:
John Rubino is back. Homebuilder sentiment at 10-year low. Huge wave of car loan defaults building. Commodity prices are falling. Oil is in the low $70s, down from the $120s a year ago. Stock markets are rolling over, wiping out several trillion dollars of paper wealth worldwide. The really big story is soaring government deficits because of rising interest rates. The US is looking at a half-trillion dollars a year of extra debt because of Treasuries rolling over at higher rates. Will this produce a death spiral, where higher rates = higher deficits = weaker currencies = rising inflation = higher rates? Twitter saga is interesting. The files being released are damning for the deep state.
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