tag:blogger.com,1999:blog-99704500378481622.post2669814488090851158..comments2023-10-14T08:23:14.641-07:00Comments on The American Energy Crisis: The U.S. (and much of the West) Caught Between a Rock and a Hard PlaceA Quaker in a Strange Landhttp://www.blogger.com/profile/15425198389944137571noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-99704500378481622.post-73035255512658284112012-02-24T00:05:22.981-08:002012-02-24T00:05:22.981-08:00This comment has been removed by a blog administrator.buzzingstreethttp://www.buzzingstreet.comnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-68521613069020594522012-02-23T18:33:13.574-08:002012-02-23T18:33:13.574-08:00The average maturity is around 5years, any spike i...The average maturity is around 5years, any spike in rates will be felt almost instantly. Between our collapsing tax base, which collapses even faster without constant stimulus, the FDIC, Social Security, and the PBGC the government has backed themselves into a corner and there is no way out. As I said a while back, Since e^X is a slower route to default than e^2X either the fed monetizes the debt or interest rates explode taking out the economy and bringing about an accelerated path to default.<br /><br />Best,<br />DanAnonymousnoreply@blogger.com