"Meanwhile, with his unwinnable war in the Middle East, capricious tariff regime and penchant for self-enrichment on an epic scale, Trump is turning the US into an increasingly unpredictable player in the global economy. Instead of the guarantor of rules-based markets and open global trade routes, the US has become a source of uncertainty and chaos." Heather Stewart in The Guardian

Economics viewpoint

 US economy 

Jumpy bond markets make it clear: Trump risks driving US into debt crisis

Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength 

 Heather Stewart

Sun 23 Aug 2026 

“Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record.

Yet Bessent’s decision to intervene in government bond markets in an effort to combat soaring yields belied his studied calm in TV interviews – and reignited fears the US may be on the road to a debt crisis.... READ MORE  https://www.theguardian.com/business/2026/aug/23/jumpy-bond-markets-make-it-clear-trump-risks-driving-us-into-debt-crisis

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