In my multi-decade career actively managing and analysing the capabilities of bonds, I would receive many reports prepared by economists at independent economic specialists/think tanks, sovereign Treasury departments, supranational institutions (World Bank, IMF), central banks, major commercial and investment banks and brokers.
Not looking good for any kind of future. No individual or country can continue spending money for things that keep rising in cost for causes that don't return anything. None of this is happening accidently. It's chronic corruption crippling all the western countries. So far, the US situation may improve, but I read somewhere recently the federal govt here employs 26 million. So, reported figures of lay offs of 600 or 1000 in one of multiple bureaucracies is only the beginning of what's needed. It's going to be a painful & bumpy road to rein in all the idiocy of bloated govt. All the best to the UK & to the US in this challenge.
Keep this up and you'll be as bad as Canada. Not that we're suffering enough or anything - Beloved Leader has decided to have a tariff war with Trump.
Guess who loses?
Like we're not in bad enough shape already.
This is where we are:
https://globalnews.ca/news/10955572/canadian-mnp-debt-index-new-low-2025/
Not looking good for any kind of future. No individual or country can continue spending money for things that keep rising in cost for causes that don't return anything. None of this is happening accidently. It's chronic corruption crippling all the western countries. So far, the US situation may improve, but I read somewhere recently the federal govt here employs 26 million. So, reported figures of lay offs of 600 or 1000 in one of multiple bureaucracies is only the beginning of what's needed. It's going to be a painful & bumpy road to rein in all the idiocy of bloated govt. All the best to the UK & to the US in this challenge.