Subject: Re: Debt? When? --There's the rub
Curious: What was your prompt or prompt for that response?
What sources did Gemini use to generate that?
Obfuscating this dire scenario is the volatile, but overall flat trending, high yield credit spread:
https://fred.stlouisfed.org/se...
The MOVE index, up from its low of 6 months ago but in the middle of the 1 year range
https://stockcharts.com/sc3/ui...
the Junk (BB & below) credit spread, bouncing off its 2 year low:
https://stockcharts.com/sc3/ui...
The charts don't say, the problems will never happen; they're just saying, "not yet..." although that second April mess was scary for a couple of weeks. They don't predict anything, much less 18-24 months out.
FC