When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.
At age 63, Tom, a retired clerical worker, wasn’t planning to live out his golden years in the back seat of an old beater car in Arizona’s Sonoran Desert.
The Swiss government has decided to drop most of their coronavirus restrictions as record-high Omicron variant infections haven’t caused correlating hospitalizations.