For the longest time, the debt was manageable. It had low interest rates, was never due and was denominated in US dollars. But this was when relative sanity governed in DC. Now, US debt is in peril. It is funny, if Trump had taken office and gone golfing for the rest of his term, our economy would be in much better shape. He has a singular ability to destroy everything of value in the country.
This is a fantastic breakdown of a topic that’s usually buried under layers of technical jargon. The reminder that the term premium isn’t just some academic construct but a real, market-driven signal of risk (inflation, policy incoherence, debt sustainability) is crucial—especially now. Your framing around gradual upward pressure rather than a sudden spike is sobering but realistic. Also appreciate the connection to mortgage rates—makes the macro instantly personal. More of this kind of clarity, please.
Thank you.
Concise and clear.
There's something happening here.
What it is is pretty damn clear
There's a deranged man with a sharpie over there
Telling the bond market you've got to beware
Donny 2 dolls could not pass the first pop quiz given during the first lecture of Econ 101. What an embarrassment to the Wharton School.
So, not only will the prices of housing inputs rise, thanks to tariffs, will the mortgage costs. I guess my kid is never moving out.
For the longest time, the debt was manageable. It had low interest rates, was never due and was denominated in US dollars. But this was when relative sanity governed in DC. Now, US debt is in peril. It is funny, if Trump had taken office and gone golfing for the rest of his term, our economy would be in much better shape. He has a singular ability to destroy everything of value in the country.
This is a fantastic breakdown of a topic that’s usually buried under layers of technical jargon. The reminder that the term premium isn’t just some academic construct but a real, market-driven signal of risk (inflation, policy incoherence, debt sustainability) is crucial—especially now. Your framing around gradual upward pressure rather than a sudden spike is sobering but realistic. Also appreciate the connection to mortgage rates—makes the macro instantly personal. More of this kind of clarity, please.
Seems like the GOP is the orchestra of the Titanic
At the risk of starting a firefight, the preferred plural of "premium" is "premiums" ...
So, not only will the prices of housing inputs rise, thanks to tariffs, will the mortgage costs. I guess my kid is never moving out.