GOVERNMENTS AROUND THE WORLD ARE ISSUING DEBT AT A RECORD PACE.

GOVERNMENTS AROUND THE WORLD ARE ISSUING DEBT AT A RECORD PACE. IN FACT, SOVEREIGN DEBT ISSUANCE IN THE FIRST HALF OF THIS YEAR WILL EXCEED THE LEVELS SEEN IN THE FIRST HALF OF 2020, WHEN THE WORLD WAS LOCKED DOWN DUE TO COVID. KEEP IN MIND THAT CURRENTLY, THERE IS NO MAJOR RECESSION, FINANCIAL CRISIS, OR GLOBAL EMERGENCY. GOVERNMENT SPENDING IS SPIKING BECAUSE OF HIGHER ENERGY COSTS, INCREASED DEFENSE BUDGETS, RISING INTEREST EXPENSES, AND EXPLODING SOCIAL WELFARE COSTS IN RAPIDLY AGING SOCI

Record sovereign debt issuance surpasses COVID-era levels without a major recession.