I think maybe it is that developing countries will be pushed into unsustainable debt because the USD will rise as the rates go higher and debt in their native currency will also rise.
The world relies on the developing world for most of its growth at the moment, particularly those countries that export ore like Australia, Africa and oil exporting countries.
Personally I think the FED had something to do with these latest horrific figures for some reason. Will there be an upward revision or three as the date draws closer?
