US net interest payments as a share of GDP are expected to reach a record 4.6% next year. That would more than DOUBLE World War 2 levels and exceed the all-time highs seen in the 1990s.

October 28, 2024

This is also much higher than net interest as a % of GDP in all 38 OECD countries.

Countries with relatively high interest such as Greece, Ireland, Spain, and Portugal are expected to reach interest-to-GDP ratios that are HALF the size of the US.

To make things worse, these forecasts assume lower interest rates over the next year.

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US net interest payments as a share of GDP are expected to reach a record 4.6% next year. That would more than DOUBLE World War 2 levels and exceed the all-time highs seen in the 1990s.

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Massive protests have broken out in Cairo – people are protesting against President Abdel Fattah al-Sisi. It’s all about the deteriorating economic situation, corruption, and the suppression of civil liberties.

Jerome Powell and the 🇺🇸 Fed just said it will soon “seek public comment on significant changes to improve transparency of bank stress tests & reduce volatility of resulting capital requirements”