Discussion of unsustainable debt levels across major economies suggests rising borrowing costs and potential upward pressure on yields as governments face constraints in debt issuance and spending.
Guest
We are having too much debt globally - not just US, but also England, France, China. Governments can't increase spending because they can't increase debt, while needing more military spending and unable to cut taxes.
Guest
This is causing political turnover - UK had four prime ministers in last five years, similar in France - due to inability to deliver on economic promises.
Guest
Confluence of economics (debt dynamics), politics, and technology adding into a technology bubble.