this post was submitted on 20 Jan 2026
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So I've been wondering what this would look like. Would the interest rates just start climbing like in post 2k8 Greece, or will the market all of a sudden run into a brick wall like it did in the UK under Lizz "The Lettuce" Truss?
It'd just be interest rates. The US still has incredibly massive financial weight in the global system as a whole, there is always going to be SOME appetite for the fried fat pig. But the risk will keep getting priced into interest rates in a compounding cycle of wow this sucks.