The Credit Strategist

The Credit Strategist

Be Very Afraid

The Credit Strategist Blog

The Credit Strategist's avatar
The Credit Strategist
Oct 04, 2023
∙ Paid
28
3
3
Share

Headlines about interest rates hitting 16-year highs underplay the fact that global debt has trebled (at least) since the 2008 financial crisis. While a 4.75% 10-year Treasury yield was manageable then with less than $100 trillion of global debt, it is much less manageable now with over $300 trillion of global debt. Market yields are moving higher on …

Keep reading with a 7-day free trial

Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Michael Lewitt
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture