The David Lin Report · Friday, August 14, 2026
The transcript raises concerns about the sustainability of the US debt, noting that debt and interest rates are both increasing simultaneously, a situation not previously seen outside of financial crises. Some predict a 'mini sovereign debt default' or continued yield increases if fiscal responsibility isn't adopted.
“Right now we have a situation where, uh, the deck keeps going up, but interest rates also keep going up.”
“We're going to see a mini sovereign debt default here in the United States or the bond vigilantes will continue pushing yields up.”
“And that just hasn't happened.”