(Part 5) Debt spiral:

doubleline.com/markets-…

" 'Higher interest rates will feed through into higher and higher debt loads,' Mr. Kimmel summarizes (11:54). 'And those higher debt loads could eventually crowd out private capital formation. And in response to the higher interest burden, the government will have to increase taxes and reduce government spending, which combined are negative for economic activity going forward. You get to a point where at some point the debt loads become so high that the economy collapses on itself under the weight of its own debt.' ”