the US budget deficit is rising, soon out of control IMHO. Raising rates is no longer viable without severe consequences.

Nobody has seemed to realize that it's the rate of change in interest rates that has an effect, not the absolute level of them (within reason).

The stock market is one giant bubble.

People talk occasionally about negative interest rates, and wonder how A) that might work and B) how not to have people realize what a house of cards it all is.

But sure, rates are low and everything is great!