Ian Smith

speaker

2,477 appearances 19 recordings 11 series first heard Aug 2024 last heard 15 Sep

Ian Smith’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 17 in all, peaking in Aug 2026 with 6.

Appearances

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Unhedged · Bond bombshell · 24 Sep 2026 podcast

But the more important thing to watch is the proportion of Treasury bills in the overall US debt stock, which is, you know, on like Wall Street Bank estimates in the coming couple of years, are expected to approach almost a quarter of the overall US debt. voice-verified

So that refinancing risk is. voice-verified

Growing. voice-verified

Mm-hmm. voice-verified

And there's really only two times in the past 20 years that it's gone above a quarter of the total uh debt stock, and that is COVID and the financial crisis. voice-verified

So voice-verified

The US is leaning very heavily on short term debt to fund this kind of wide fiscal deficit, and that is storing up those financing risks that people are getting concerned about. voice-verified

Do you mean Janet, I am the house yelling? voice-verified

I was the house. voice-verified

The person that sold the house. voice-verified

Who is the voice-verified

But the sharpness of the yield rise is really important, right? voice-verified

And in twenty twenty two that's what got the UK and you've seen that in past financial crises. voice-verified

I suppose one thing you say is voice-verified

I'm simply saying that the rise in yields have been more telegraphed. voice-verified

I think you mean Liz the House trust. voice-verified

price kind of insensitive seller of debt, right? voice-verified

Yeah. voice-verified

I love that. voice-verified

I'm sure people that say things will never change. voice-verified

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