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.”

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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%.