Despite GDP rising, unemployment rate falling, and interest rates near zero, interest on the national debt has soared.
Here’s a quick chart to reflect on, given the consensus opinion there will be 3 rate hikes this year.
What can possibly go wrong?
A question keeps coming up as to why debt increases far faster then the alleged yearly deficit.
Here is the answer: US Deficit at $590 Billion but Debt Up $1.2 trillion: Sleight of Hand Magic.
Mike “Mish” Shedlock