What scares me more is what happens if we have a several year uptrend in interest rates, something we haven't seen in decades.
Actually... I don't see any way possible that that does not happen.
The biggest problem with that is when the rates go up so do the rates on the National Dept... and "United States Total Debt accounted for 895.4 % of the country's GDP in 2020"
https://www.ceicdata.com/en/indicator/united-states/total-debt--of-gdpPersonally... I am thinking below is an OPTIMISTIC chart...
https://www.crfb.org/papers/interest-payments-federal-budget