Dmitry Orlov thinks a 3% interest rate is the magic threshold
All we’re waiting for is interest rates to go across the magic threshold of 3% and the entire budget of the country explodes. There are also all types of other tendencies that point in the direction of collapse and systemic failure at all levels.”
Does he mean the 10 year rates? Right now the 10-year T-Note rate is at 2.78%. One year ago, it was below 2%.