Anoop Singh

Recent strains in private equity and private credit are a reminder that vulnerabilities built during years of ultra-low interest rates are now surfacing.
THE BOTTOM LINE

The next financial crisis could start with advanced economies’ sovereign debt

Emerging markets will disproportionately bear the consequences of any such turmoil

Advanced economies may be entering a period of structurally higher and more volatile inflation than in the pre-pandemic era.

The hidden dangers of sovereign debt

Advanced economy sovereign debt, once viewed as safe havens, is starting to look like a risk asset

With gross public debt around 240% of GDP, Japan has long tested the outer limits of fiscal sustainability without crisis.

The return of fiscal dominance

As public debt rises and trade fades as a growth engine, central banks risk losing the independence that underpins global financial stability