### Comment:
Thanks for this my man, I really appreciate it.  Honestly it's the big thing I haven't considered on why rate hikes seem so damaging while in the past (prior to 2008) it's been slightly slowing to a bullish economy but not outright 'the end is nigh'. 
  
 Again thank you.

### REPLY:
You are welcome. Debt is the utmost important thing for economy these days. If I borrow $1600, I can get an iPhone. Apple increases its profit. Unemployment drops and GDP raises. People are so pessimistic because debt is at ATH in pretty much all sectors.

### END.