“With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.” GovernmentInterestEffectsMovementRateDebtBoatConsumersInterest RateGovernment Debt Author:Bill Gross
“In the distance, I see a frightful storm brewing in the form of un-tethered government debt. I choose the words -“frightful storm' - deliberately to avoid hyperbole. Unless we take steps to deal with it, the long-term fiscal situation of the federal government will be unimaginably more devastating to our economic prosperity than the subprime debacle and the recent debauching of credit markets that we are working right now so hard to correct.” LongHardGovernmentFormTermDealsSituationStepsEconomicRight NowDistanceProsperityCreditDebtStormLong TermFederal GovernmentBrewingHyperboleEconomic ProsperityDebaclesGovernment Debt Author:Richard W. Fisher