Will America’s Debt Crash the Global Economy? episode artwork

EPISODE · Jun 10, 2025 · 36 MIN

Will America’s Debt Crash the Global Economy?

from The David McWilliams Podcast

When Jamie Dimon warns that the U.S. bond market could "crack," it’s time to listen. This week, we dive into America’s mounting debt crisis, with U.S. debt now surpassing $34 trillion, deficits running at $2 trillion a year, and interest payments exceeding military spending. We unpack how Trump’s tax cuts, tariffs, and spending splurges are pushing the system to breaking point, and why a bond market crack could trigger a global dollar crisis.Then we turn the lens to Ireland, where the economy is running too hot: clogged roads, soaring rents, and an influx of investment we can’t absorb. Should Ireland slow down before the next global downturn forces us to? From bond yields to blocked-up Westland Row, this episode connects the big macro shifts to the everyday pressures you feel on your commute. Hosted on Acast. See acast.com/privacy for more information.

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Will America’s Debt Crash the Global Economy?

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