The global bond market is a $200 trillion beast, and it’s turning up the heat on our political masters. In this eye-opening episode of Trading Up, hosts Jim Fitzpatrick and Richard Ramsey expose how global investors known as \"bond vigilantes\" are intimidating the world’s most powerful leaders.
From the UK, where Andy Burnham’s government is squeezed by £120 billion in annual interest payments, to a booming US economy choking under Donald Trump’s $40 trillion debt bomb and a costly six-month conflict in Iran, the era of endless debt rollovers is having real world consequences.
Most shockingly, the tables have turned: former bailout nations like Greece and Ireland now manage their debt better than the US or UK.
With Treasury Secretary Scott Bessent’s bond-buying band-aids failing and skyrocketing interest costs now eclipsing entire defence budgets, this episode explores the sense that a global financial day of reckoning is looming, and there is nowhere left to hide.