Economist John Adams and I discuss the problem of foreign debt in the latest edition of our interview series.
With a net $1 trillion of foreign debt owed by the country, in arising rate environment, things could get, well, tricky… Like an iceberg, what lies beneath?
You can also listen to the podcast version.
And if your missed our earlier edition, it is still available.
Another great discussion on the debt problem both locally and globally.
It raises many thoughts about how bad the whole situation is and much worse it can get.
The prospect of higher (18%) mortgage rates again doesn’t seem implausible!
People need to wake up and realize there is no great savior other than to eliminate debt.