Reported 16 days ago
JD Vance has expressed concerns about a potential 'death spiral' in the US bond market, linked to the nation's $35 trillion debt and rising interest rates. In an interview, he cautioned that if interest rates spike significantly, the cost to service the debt could outpace spending on essential goods and services, jeopardizing the economy. Vance's comments suggest a fear that market manipulation by certain interests could destabilize the bond market and further complicate financial governance.
Source: YAHOO