The bond market is beginning to expose what governments have desperately tried to hide. Britain’s 30-year yield has now reached 6.036%, the highest since...
For decades, economists looked down on emerging markets whenever they ran chronic deficits, accumulated too much debt, and watched interest expense consume an...
Treasury Secretary Scott Bessent is now pressuring Japan to rein in government spending and restore credibility with the bond market as Japanese yields surge....
Saudi Arabia just reported something that should scare the hell out of anyone who understands how the Middle East actually functions. According to Bloomberg, Riyadh...
QUESTION: Marty, Bessent is plainly no trader. As you’ve pointed out, he’s spent far too long in the company of market manipulators. I remember your...
Governments and corporations are expected to borrow a record $29 trillion from global bond markets in 2026, according to the OECD. That is $4 trillion more than in...
The United States has crossed $40 trillion in gross federal debt, and Washington will treat it as another unfortunate milestone before returning to the business of...
The Bank for International Settlements is warning that near-record public debt and the growing role of hedge funds and other nonbank financial institutions have...
PRIVATE BLOG – Japan & Pending Sovereign Debt Crisis Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn...
Japan recorded a 1.01 trillion yen ($6.2 billion) trade deficit during the first half of 2026, according to preliminary government data. This does not mean that...
