INTERVIEW: America's interest payments on its national debt have passed $1 TRILLION a year, more than the entire military budget, and markets have...

INTERVIEW: America's interest payments on its national debt have passed $1 TRILLION a year, more than the entire military budget, and markets have flipped from pricing in rate cuts to a near coin flip on a rate HIKE by the end of 2026

With Hormuz closed for the foreseeable future and U.S-Iran talks suspended, higher inflation expectations are getting baked into the long end of the yield curve.

HSBC calls anything above 4.5% on the ten-year the danger zone, and we are already living in it.

The debt already crossed 120% of GDP, past the World War 2 record.

So who actually ends up paying for all of this?

@davidlin_TV