/biz/ - Business & Finance

>>51673085
The US has higher debt to GDP than Greece did during the beginning of their debt crisis, and we're now entering their same interest rate levels.

>>51652440
imagine the yields

>>51649481
We have higher debt to GDP levels than Greece did at the beginning of their debt crisis. Bond yields are now entering into a self-reinforcing feedback loop where they continuously spike upwards, just like what happened in Greece. Soon, either the US won't be able to pay its debts (default), or it will have to inflate its currency away.

>>51650155
It's becoming self-reinforcing. You know what happens next. :^)

>>51606116
>>51606135
>>51606141
>>51606142
We're at the same bond yields and even higher debt to GDP levels than Greece was when they had their debt crisis. They became a second world country overnight and their stock market fell 85% and never recovered whatsoever. Rising bond yields created a positive feedback loop that permanently destroyed the Greek economy. Why didn't you listen?

Reminder that most western nations are going to either default on their debt or succumb to hyperinflation during this crisis. This is a 1929-tier event.

>>51584027
>>51584049
>>51584056
Look at what happened to Greece once their bond yields started to spike at debt levels similar to ours. It quickly turns into a runaway self-reinforcing spiral.
https://en.wikipedia.org/wiki/Greek_government-debt_crisis