ITEMS OF "INTEREST"

Conventional Wisdom would suggest that since the National Debt has doubled over the past decade, that Interest Rate Hikes to service that debt would be disastrous. Although somewhat true, Barron's' Gene Epstein reports that for the past 60 years the average rate has been ..5.8%; it is now only 2%, and the CBO sees in 30 years (?) it will still only be 4.4%.
Also of "Interest" - in this week's Sentiment numbers, Margin Interest has skyrocketed again to $528B, which will also rise to borrowers when rates do!
As the housewife once said: I can't be broke - I still have checks left!

Here are the numbers:

Date		3/31/17EOQ	3/24/2017
Indices:	DJIA	20663	20596
	NAZ	5911	5828
	SPX	2362	2343
WklyVolume (Bshs).	naz/ny….	8.8/4.1	9.2/4.3
Specul.Ratio hi=bullish		2.15	2.14
Sentiment:	put/call-CBOE	57	71
VIX>50-alltmlow=8.8		12.4	13
DeltaMSI-50%	MAC crossover	50.4	53
Advance/Dec-NYSE..		2292/809	1186/1923
Weekly Net:		1483	-737
Cumulative:		175366	173883
Weekly	NYSE hi/low…	227/69	218/115
New Hi's/Low's	Nasdaq h/l	275/123	300/172
McClellan	Oscillator	36	-9
McClellanSum	.+750/-1000	325	222
Newsletter	Inv.Intel -Bull	49.5	56.7
Surveys-Tues	Bear:-5yrs	18.1	17.3
Wed.	AAII  -Bull	30.2	35.3
	Bear	37.4	30.5
US$-WSJ		100.6	99.8
3-box rev	Bullish%-	73	75
US equity -ICI	Fund Flows	WeekLate	(6.9B)
MMF flows	Change in $B	0	(23.3B)
MargDebt- top (300M)	monthly	528B	513Bnh
10-yr Tsy yield	hi= stock buying	2.4	2.4
2-yr Tsy Yield: Inflation		1.25	1.25
TIP (ETF)	Inflation	114.6	114.4