Jim’s Mailbox – July 26th, 2016
Marty, Marty, Marty…..just say it! If Feldstein is worried, should we be? Perhaps.
He states the obvious:
-a return to normalized interest rates would crush our economy vis-a-vis a massive increase in debt servicing. Of course, everyone with half a brain understands this.
Yet most are assuaged by the length of time Feldstein uses for us to reach the “event horizon.”