I am just finishing the book also, and trying to wrap my brain around all of the topics covered. What I think I get out of it is that interest rates will rise in the coming recession due to inflation (true inflation as he says, not CPI) and the potential pullout of overseas investors. I discussed this topic in my economics class at business school and one person stated the whole reason the gov is doing this is to sell off our debt for cheaper than what we borrowed at. In other words, driving the dollar down and forcing overseas investors to cash out, basically allows us to pay off the debt with weak dollars. Not sure if this holds water though.
