The effects of this in the financial world have caused Central Banks to be neutered.
Unfortunately, raising interest rates does NOT influence governments to spend less…it merely increases the interest costs to roll the debt. (Currently $1 Trillion for interest only)
And that is assuming there will be buyers of our debt in the future.
In addition to wondering if there will be any buyers of our debt you should be asking yourself; what would happen if Kamalama wins the election?
In most scenarios it would bring about a two-year correction of anywhere from 20% to 45%.
Translation: This election appears to be a real game-changer.
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