1/ In the second half of the 16th century, Britain plunged into an energy crisis. At the time, the primary source of energy driving the British economy was heat derived from the burning of wood, and Britain was literally running out of trees.
@WallStreetSilv Donโt forget other โmandatoryโ gov exps (eg entitlement + defense spend). With these, effective int. rates on US debt canโt exceed 5%. Additionally, short term notes makes up a large % of US debt so we can see effective int. rates climb fast. + rev drops in recession. No bueno.