Fed interest rate hikeDoesn’t a USA interest rate hike increase, have a bearing on the massive USA Debt, Would they not pay more to service their massive debt as a result of an interest rate increase. Seems gold is attached to the strength of the USA dollar.
The USA is an exporter, no one will buy with a 30% + premium. The USA can make it, but no one can afford to buy it.
I cannot see how the USA can sustain itself with a massive debt and deficit on top of an interest rate hike, it can’t be sustainable. Europe is a basket case economically.
I cannot understand how the USA can post positive job numbers. Don’t be surprised if the Fed holds off on an interest rate hike. Don’t forget basket case Greece and their free money.