Is the US 10 year yield in a crisis territory despite being (for now) below 1990s and early 2000s levels? Yes it is. The simple reason is that this yield currently underpins vastly higher private & public debt levels. https://t.co/PNbsAsjDth #USTreasury #DebtCrisis #Finance #US
Productive discussions at this year's G20 FMCBG meeting in Asheville, North Carolina. I welcome the U.S. G20 Presidency's pro-growth agenda which aligns with IMF priorities on productivity growth, debt sustainability, global imbalances. Read my statement: https://t.co/Nb6rtcnLRq https://t.co/PIJifpnq49 #G20 #Productivity #IMF #US #G20
Watch Britain. It is the second largest foreign holder of US government debt and it is teetering on the edge of bankruptcy. It will blow soon. 🇬🇧 #Britain #USDebt #Bankruptcy #GB
Despite not being an important holder of US foreign debt, Australia is stitched into the USD system. It too is now coming under strain. Given that most of their trade is with China they may start experimenting with RMB when the smoke clears. 🇦🇺🦘 https://t.co/yL0ulWokiI #Australia #USD #China #AU #CN
🇯🇵 Takaichi has just requested nearly ¥9 trillion for defense spending in 2027. Another sign that Tokyo is entering a new fiscal regime at exactly the wrong time as its debt is finally becoming expensive to carry. 📊 The headline amount is probably only a starting point as https://t.co/5ldGuVppYC #Japan #DefenseSpending #FiscalPolicy #JP
When the Fog Begins to Lift If you feel as though the world is going crazy, you’re not imagining things. Over the past decade, a media-driven “woke” movement gripped Western societies, creating what Michael Shellenberger calls “mass psychosis.” He argues that Democrats and media figures labeled opponents of DEI, racial quotas, and open borders as far-right—not because those people had changed, but because the political left had moved dramatically further left on cultural issues. Evidence continues to support this view. U.S. General Social Survey data suggests that center- and right-leaning opinions have remained relatively stable since the early 2000s, while left-wing views have shifted substantially. Meanwhile, publications such as *The New York Times* and *The Washington Post* sharply increased their use of terms like “racist” and “white privilege” after 2012. Shellenberger writes: “The media did this. The mass brainwashing came from college-educated elites in control of the most powerful propaganda machine in world history. These elites convinced the public that the West had grown more racist than ever, a blatant contradiction of the evidence. While the public was distracted by manufactured culture wars, governments exploited the chaos to consolidate power. Authoritarianism, spiraling debt, and economic devastation were the crippling costs of this deception.” He describes the political consequences just as bluntly: “By the time we got to 2016, Democrats had become completely unhinged. They made everything political, hunted heretics, and weaponized the government—three core characteristics of totalitarianism.” The fallout has been severe. Institutions lie in ruins, public trust has collapsed, and communities remain deeply divided. This was not simply a political miscalculation. It was ideological warfare, designed to divide and control. As the fog begins to lift, one question remains: Have we learned enough to resist the next wave of fearmongering and manipulation—or will we once again accept the same tactics from new faces?
Public debt, global finance, economic concentration, climate change, artificial intelligence, strategic tensions, identity-based hatred: seven immediate dangers, all well-documented, are converging. Facing them head-on is the only way to avoid them. My new column for @lesechos https://t.co/LUIOXNKC9V #PublicDebt #ClimateChange #GlobalFinance #Nocountrycodesfound.
🇫🇷 🇮🇹🚨 France is starting to be perceived as a greater bond risk than Italy - FT *The French 10-year yield moved above the Italian 10-year and a genuine shift in market perception seems to lie. 📊 Markets look above all at the debt's trajectory and the political ability to https://t.co/lYvLGyLY6E #France #Italy #BondRisk #FR #IT
🇫🇷 IF FRANCE DEFAULTS ON ECB DEBT, FRANCE MUST LEAVE THE EURO — AND THE EU. The Euro is not a free-money machine. France cannot demand the protection of the ECB, benefit from the credibility of the Euro, finance itself inside the European monetary system — and then simply decide https://t.co/owHCDmVYN2 #France #Euro #ECB #FR
🇧🇷 Brazil may be turning into one of the most interesting macro elections of the year. Lula now leads Flávio Bolsonaro by just 46% to 45% in a runoff in the latest BTG/Nexus poll. ➡️ Bolsonaro has chosen to attack Lula on debt, interest rates and the cost of capital, probably https://t.co/qtcBcbdrtE #BrazilElections #Lula #Bolsonaro #BR
U.S. Debt Matters, but the Euro Area May Create the Next Crisis. (translated)
In the developing trade war between USA and Canada it is clear that the USA is proving an unreliable trading partner. In order to ensure a well regulated world trade it becomes clearer each day that Europe should develop closer ties with Canada and reduce it's dependence on trade with the USA which, with a $40trillion debt could see a plunging dollar and eventual default on debt.
🇺🇸 Broadcom Seeks More Than $60 Billion in Latest AI Debt Deal - Bloomberg https://t.co/fHcOB5TLnj https://t.co/v99uID3F9k #Broadcom #AIDeal #Finance #US
Jumping to America's 250th year, we are spending more than that just on interest payments on our debt.
