The US 10-year Treasury yield is at its highest level in nearly two decades. The cost of borrowing for mortgages, car loans, and credit cards is skyrocketing.
Who remembers the fate of Trumps casinos?
***

After Trump is gone the budget will be balanced.

4-8 years tops- the budget balanced. Debt repayments will be on. Social Security and Medicare will be saved.

It's gonna be wonderful.

Because, it is 100% on the president.

In the meantime hopefully commerce one day stops. So far, sadly, it's been strong despite the higher rates because America - is superior to Europe and the world. But --hopefully, things will change.

These things take time. It's a marathon not a sprint. It's going to take ---6.5% ish + some notable socioeconomic trouble at the same time....that's when the next phase of fun begins.

mind you, America's great Fossil fuels and ability and desire to Drill Baby Drill might see us thru.

So I'm not ready to celebrate full blown calamity yet--that is long ways away.