US Fiscal Stress: Rates & Deficit Risk
The Kobeissi Letter flags that if interest rates average 150bps above CBO projections through 2036, the US deficit could balloon by $6 trillion and hit 8.8% of GDP — a peacetime record.
What we know
An account on X lays out the math in a widely-shared post (322 likes, 53K views). This ties directly to the market selloff narrative: higher rates are both the symptom and a potential accelerant. Another account on X echoes the broader pundit critique — 'higher rates are bad, lower rates are bad, everything is bad' — as framing for the current market confusion.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.