/biz/ - Business & Finance

>>53942581
>interest rates need to go a lot higher and for a longer period of time
It's not possible. Not with 31T of national (((debts))). Each +1% in IR translate into a $300 billions bill to pay per annum to bond holders. At 4.75% it's already 1.42T we will have to shell for 2023.
What's the goal exactly? Having 100% of our budget sunk into the payment of the interests on our debt?

>Not a good time for any risk assets: stocks, precious metals, crypto.
Why mix up precious metals with digitrash? They are the absolute antithesis of risky assets... An initial sell off to deleverage some positions is to be expected, but it always bounce back super hard after. And this sell off only concern paper gold and silver, since that's what is being held by institutions. If anything it will make the crack between physical and paper gold even more obvious. Considering the paper:physical ratio held are 114:1 for gold and 243:1 for silver, this might be funny to watch.
If anything, PMs is the only reasonable move.