Will Washington’s Debt Addiction Spark the Next Global Crisis? By Ken Rogoff
https://www.foreignaffairs.com/united-states/americas-coming-crash-rogoff
Trump's latest Fed jab breeds more dismay than drama
https://www.reuters.com/business/trumps-latest-fed-jab-breeds-more-dismay-than-drama-2025-08-26
Trump's gradual ratcheting up of his campaign to exert more influence over the path of monetary policy has already knocked confidence in U.S. sovereign debt as a safe investment, and in the exceptional advantage the dollar enjoyed as a currency of choice.
That advantage had allowed the U.S. to fund a massive national debt that currently stands at $36 trillion, and owe international investors some $26 trillion at the end of 2024.
Foreign money has been leaving U.S. markets since Trump took over as president. Global ex-U.S. equity funds have received massive flows as investors redirected capital from the United States, LSEG Lipper data shows. Investors have sold U.S.-focused funds steadily since May.
https://www.foreignaffairs.com/united-states/americas-coming-crash-rogoff
https://www.reuters.com/business/trumps-latest-fed-jab-breeds-more-dismay-than-drama-2025-08-26
Trump's gradual ratcheting up of his campaign to exert more influence over the path of monetary policy has already knocked confidence in U.S. sovereign debt as a safe investment, and in the exceptional advantage the dollar enjoyed as a currency of choice.
That advantage had allowed the U.S. to fund a massive national debt that currently stands at $36 trillion, and owe international investors some $26 trillion at the end of 2024.
Foreign money has been leaving U.S. markets since Trump took over as president. Global ex-U.S. equity funds have received massive flows as investors redirected capital from the United States, LSEG Lipper data shows. Investors have sold U.S.-focused funds steadily since May.