**Why governments are 'addicted' to debt. FT Film**
“_This film examines what some are calling the biggest issue in global finance today, the role of the 'bond vigilantes', and whether government borrowing could spiral out of control._”
#Video length: twenty-nine minutes and fifty-nine seconds.
https://www.youtube.com/watch?v=n1jhoU9Mp_U
#FT #FinancialTimes #Film #Markets #Debt #Borrowing #Bonds #Trading #Investment #Finance #BondVigilantes #BondMarket #Economics @economics @finance
"Is Trump ‘Detoxing’ the Economy or Poisoning It?"
#Trump #Economy #Politics #Factions #MAGA #SteveBannon #SiliconValley #RepublicanCongress #Tactics #Strategies #Project2025 #Uncertainty #Tariffs #Power #Corporations #Recession #Industry #Investment #StockMarket #Wallstreet #BondMarket #HedgeFunds #Treasury #StephenMiran #Transactions #Deals #Corruption #Geopolitics
Hmmm... the UK Parliament's Public Accounts Committee is concerned that over the last decade or so the #Treasury has not been forthright enough in its #bondmarket dealings to ensure the UK's public debt is issued at the cheapest rate(s) possible...
in other words, the PAC suspect buyers of public debt have been rigging the market to increase the yield (and this cost of the public debt to the state).
With public finances strained & high levels of debt, this is more than just a technical issue!
@sjwrenlewis explores what the fiscal 'golden rule' might indicate about future Labour Party actions in light of #RachelReeves' commitment to 'fiscal probity';
He offers two angles of critique: one from #MMT & one from an account of #bondmarket attitudes (drawing a lesson from the #LizTruss mini-budget's impact).
But most interesting point:
The UK's governments should stop obsessing about #publicdebt & should switch attention to the UK's 'net worth' to drive decisions!
https://mainlymacro.blogspot.com/2023/09/challenges-to-strong-golden-rule-mmt.html
How #bonds ate the entire #financialsystem
A very short, wild history of market that will shape next #financialcrisis
Bonds have played an integral role in development of human society, from subsistence farming to modern era, funding everything from wars and railways to Tesla and Netflix. "The #bondmarket is the most important market in the world," says Ray Dalio, the founder of the world's largest hedge fund, Bridgewater. "It is the backbone of all other markets."
https://www.ft.com/content/5631cc22-a04d-405c-9154-e307f938f8f3
