snip ...

Any of these would hit the US economy like a freight train.

The immediate effect would be a violent repricing of US risk. The Fed isn't buying bonds anymore, might even be selling them. The market depends on private buyers willing to step in. If Europe flips from buyer to seller, the imbalance turns catastrophic.

A coordinated shock, with confidence collapsing, could spike the 10-year Treasury by 150 to 250 basis points in weeks. The term premium, what investors demand to hold long-term risk, would explode.

Housing would freeze instantly. Mortgage rates price off the 10-year Treasury. If that jumps to 6.5% or 7%, mortgages blow past 10%. At 10%, housing affordability dies. Transactions stop. Construction financing evaporates.

Home values fall, wiping out middle-class wealth and killing consumer confidence.

Banks face a mark-to-market nightmare. They hold trillions in Treasuries. When yields rise, bond values fall. Silicon Valley Bank collapsed in 2023 from unrealized losses on its bond book. A 200-basis point spike would create trillions in paper losses across the banking system.

Even banks that survive would hoard capital and stop lending. Small and regional banks, the ones without massive hedging operations, would be staring down insolvency.

The federal government, the world's biggest debtor, would see debt service costs explode. Interest payments already rival defense spending. A permanent rate shock pushes that past $1.5 trillion annually. To cover it, the government either cuts spending or prints money, creating an inflation spiral.

And what she claims is what the American people voted for.

Apologies, to all, if this thread is too frightening.

It is very possibly a view of the immediate future.

But it is very, very frightening.

From the standpoint of America and Europe.