Paul Kedrosky
speaker
1,259 appearances
4 recordings
2 series
first heard Apr 2026
last heard 4d ago
Paul Kedrosky’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.
Appearances
junk issuer, it doesn't really matter.
And so that the system's telling you it's on the edge of that right now.
And so that would surprise me zero, in part because people like Scott Bessant are saying that could never happen, which for me is always a you never say never when it comes to this stuff.
Okay, so that's exactly right.
So th for me that's
That's the odd that's the place to look because what's happened is is this stuff has has, as I keep saying, it's kind of metastasized outside the orthodox places.
And tech bros are really bad at thinking in these terms because they think exclusively in terms of it's Christmas morning and look, there's all these gifts for me under the tree, and I don't really care how it's being paid for.
Cause that historically was an orthod like what was a relatively defensible way of looking at things, was I don't know what's going on in, you know, I don't know, fiber.
optic cables, but all I know is it's now cheap for me to get streaming movies.
The diff the difference this time is that the scale is so consequential that it's actually distorting not not just trade flows, not just inflation, but also the very essence of what it is to be an independent sovereign.
will crack.
It'll there's no question in my mind that it'll s crack and it'll probably happen it it could start in Europe and come this way, but it's gonna s it's gonna be a sovereign and issuance problem where someone's going to have
Uh uh uh uh
A technical issue with a major uh issuance at around probably sort of a ten year duration, and then that'll float around the world, cause spreads to blow out, and which will have consequences in terms of the existing debt and the solvency of all of these people playing in this area.
And again, not because AI isn't, you know, u useful in many contexts or whatever else.
That's all I won't even get into that debate.
Just because the scale of the problem dictates this must happen.
And
The system is telling it, but people don't want to listen.
But the problem is like it's the it's it's the Chuck Prince line, right?
Showing 341–360 of 1,259 · page 18 of 63
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