patrick-boyle 3 weeks ago
university professor #Economy and Crypto

Patrick Boyle | This is Probably Fine!

US 30-year Treasury yields just hit 5.2%, the highest level since July 2007. UK gilt yields are at levels not seen since 1998.

In this video I explain what's driving the global rise in long-term borrowing costs, why the era of free money is probably over, and what fiscal dominance means for central bank independence.


I cover the history of US presidents fighting with the Federal Reserve, including LBJ shoving his Fed Chair against a wall, the 1970s UK economic collapse, the Liz Truss mini-budget crisis, the role of private credit and off-balance-sheet SPVs in financing the AI boom, and what all of this means for the new Federal Reserve Chair Kevin Warsh.


Japanese bond yields are at record highs. Something is happening in global bond markets, and it's not just about inflation.

Patrick Boyle
university professor