Zortix matched this thesis to Rates & bonds ETFs as the exposure the bearish case argues against, most actionable for readers who already hold them. Not a recommendation.
US fiscal spiral from Treasury refinancing wall
The bearish case argued: the US faces a dangerous debt spiral as it must refinance $10 trillion of debt in the next 12 months at much higher interest rates.
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The Callback
Structural shifts reduce US economic recession frequency
31 weeks between these two statements.
The guest argued that high government debt and a commitment to 'growing out of it' make sustained high inflation a mathematical certainty, trapping the Fed.
The bearish case argued: the US faces a dangerous debt spiral as it must refinance $10 trillion of debt in the next 12 months at much higher interest rates.