Luke Gromen: Ballooning Deficit Caused By Higher US Debt Costs Likely To Force The Fed To Pivot

With the aggressive return of higher interest rates, the gargantuan piles of debt that world nations owe to each other suddenly become a lot more worrisome.

Higher interest rates means higher debt service costs. Which means less money left over for governments to fund their operations.

Today’s guest, macro analyst Luke Gromen, has long warned that the world has been heading into a massive sovereign debt crisis.

Have today’s rising interest rates just accelerated the day of reckoning? And what will such a reckoning look like?

In this video, we dive deep with Luke for answers.