US baseline as of 2025: nominal growth 3.9%, effective interest rate 3.5%, debt/revenue 580%. At these parameters r < g marginally, but any rise in rates or fall in growth quickly tips into debt spiral territory.
US baseline as of 2025: nominal growth 3.9%, effective interest rate 3.5%, debt/revenue 580%. At these parameters r < g marginally, but any rise in rates or fall in growth quickly tips into debt spiral territory.