https://www.thestandard.com.hk/wealth-and-investment/article...
But most of the world is in the same boat of "large budget deficits and growing government debt". It will be "interesting" for bond issuers and most investors and "exciting fishing" for hedge fund sharks over the next 10 years or so.
That said, I do not agree that it is 100% politicians. At least in the US, that path has been virtually unavoidable after the fiscal spending by G.W. Bush on the 9/11 wars and fully set in stone after 2008 subprime crisis. For the last 15+ years politicians could slow down or speed up the transit a little, but getting off that train has not been an option. My 2c.
It is growing by $1 trillion roughly every 82 days.
This debt level, which has exceeded 120% of the U.S. GDP,
I really do wonder what's going to end up happening with the debt...I think we've crossed the point of no return, but I'm not sure. Interest on the debt now exceeds military spending, and US military spending is about 40% of all NATO defense spending.
I've thought about this since I was young, and was fascinated that no one thought it was going to become a problem. There was a nice moment in the late 90s where the US reduced debt, but that was a blip.
All the petrodollar stuff seems like they are trying to keep the dollar valuable while it hyperinflates AKA knock everyone else's value down while being the most valuable even if it is like $1 trillion to $1 today