A Bad Week and Getting Badder Bigly Fast – #KUNSTLER

Those dangers are theoretical for the moment, especially since there is always more accounting fraud to resort to when all else fails. But the longer a debt ceiling stalemate goes on in congress, the more trapped President Trump will be. The cherry on top is the Federal Reserve’s move to raise interest rates the same day the debt ceiling truce expired. That will thunder through the system, making many loans more expensive to repay, dampening the real estate markets (at a time when commercial real estate is already tanking), and draining all kinds of other mojo (however falsely engineered) from the Potemkin economy.

http://kunstler.com/clusterfuck-nation/bad-week-getting-badder-bigly-fast/

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Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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