Rate Hike Spotlight: Interest on National Debt; What Can Possibly Go Wrong?

by Mish

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?

Addendum

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