Talk about a picture being worth 1,000 words. Take a look at this.
The Debt Doomsday crowd has been telling us, forever, that interest rates were going to spike if the Government's debt keeps growing. The debt went from $800 bln in 1980 to nearly $16 trillion now, and the rate on a 10yr Treasury went from 15% to 1.5%.
Enjoy and don't forget to send to your friends who keep warning you about the debt. (rates in red, right scale, debt in blue, left scale.)
