Prof G Markets · Friday, September 11, 2026
Katie Martin explains that the bond market is starting to "revolt" against governments borrowing excessively, leading to demands for higher returns from investors. The US national debt has surpassed $40 trillion, with some countries now spending more on debt servicing than defense.
“But I think the, the most powerful one is that governments are just borrowing too damn much money.”
“You know, the US national debt has, of course, crossed through 40 trillion dollars for the first time.”
“You've got a whole bunch of countries, including the US, that are now spending more money on keeping current with their debts than they are on defense.”