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Content
@
https://warpcast.com/~/channel/politics
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Maretus
@maretus
This is the 2nd time in history that the 20Y bond auction ended with 5%+ yields. Debt crises is coming sooner than you think.
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Nicklas
@mr-silverback
Based on what? Can you run through how you see this happening now?
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Maretus
@maretus
The government pays interest based on the bond market. All the calculations for our deficit and debt are based on 3.5% rates, not 5%+. At 5%, the governments debt is insanely expensive to service, nearly rising to 30% of the annual budget. Thats hard to get under control, because again, no one wants to buy bonds from a country that can’t balance a budget.
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Drake 🎩
@taliskye
https://www.perplexity.ai/search/what-does-the-recent-20-year-b-Z0farNflRUK7QzntaEPJcQ#0
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