Mounting debt burdens are narrowing Washington’s fiscal space and eroding confidence in the US dollar’s reserve currency status. However, history shows that severe fiscal conditions can be reversed; and if not, the more likely outcome is a gradual erosion of confidence in USD assets, not an abrupt collapse.

Examining the latest developments in the US-Israel Iran war, signs of distress in UK bond markets, and Russia’s advancing efforts to assert state control over its domestic internet.

The foreign policy of the second Trump administration may appear chaotic, but it is constrained by three dictates: cheap oil, cheap debt, and cheap interventions.

The Trump administration is actively undermining the conditions that allowed American industry—and American markets—to dominate for so long.

A broad sell-off of US bonds is believed to have stayed Trump’s hand on the latest round of tariffs. This fracturing confidence in what was once considered a save-haven asset provides a possible glimpse of things to come.

With a recession looming on the horizon, the COVID-era grace period of cheap money has nearly run its course.

The greenback’s position as premier reserve currency continues to erode, albeit slowly.

A recent Congressional Budget Office report could play killjoy to the Biden administration’s stimulus efforts.

The COVID-19 pandemic has US public debt running at levels not seen since World War II. But the global economy of 2020 offers far fewer avenues of growth-driven escape.

COVID-19 bailouts have pushed US federal spending to dangerous levels, and this with the pandemic still raging in a long list of US states.

The US government debt load was already teetering on the precipice of becoming unmanageable - then COVID-19 hit.

Are collateralized loan obligations brimming with toxic corporate debt just a little bit of history repeating?

China and Japan have been paring their holdings of US Treasuries over the past few months. Is this the start of a trend?

The IMF’s latest report warns that the global financial system hasn’t yet fully learned the lessons of 2009.

Will foreign buyers like China and Japan step in to finance Washington’s latest deficit spending binge?