Thanks,kgtom and infose.Sorry for my late response - I just got...

Thanks,kgtom and infose.
Sorry for my late response - I just got back from a small break.
You've both been very helpful.

It's good to see the passion on this thread.

The cost of borrowing, if it continues trending up, it could approach a critical point.
If it doubled from here, I'm wondering what would happen?
For the US, which will be close to 20 trillion in debt in a couple of years time, if we were to assume a 5% rate on average (I think the cost of borrowing averages out to around 2.5% on average at present, over all the notes, bonds and treasuries) = $1 trillion dollars just to service the public debt.

With tax revenues of around $2.5 trillion - the figure of $1 trillion becomes very, very significant.

I'll certainly be keeping an eye on the bond market and following the discussion on this thread.

Cheers, guys.