Robert Peston

speaker

5,884 appearances 45 recordings 5 series first heard Nov 2025 last heard yesterday

Robert Peston’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 45 in all, peaking in Jun 2026 with 9.

Appearances

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The Rest Is Money · 311. Why is the US debt crisis a big problem for Burnham? · 6 Sep 2026 podcast

Both the maturing short term debt, right? matched

And the uh longer term debt and the new money, right? matched

E ha the American government has to refinance every year something like thirty trillion dollars, right? matched

Sort of two and a half trillion every month. matched

They've got to find two and a half trillion and what matched

One of the reasons why people get anxious about America's ability to pay its way is, let's just say, right, you've been talking about the enormous amounts of money being raised by the artificial intelligence hyperscalers, the money that's coming from private credit, the money that's backed, the private credit money that's somehow underwritten in some cases by the banking system. matched

You know, we've got a more than a trillion dollars of of matched

Capital investment in uh AI infrastructure just this year on most forecasts, right? matched

If in six months' time the markets decide, oh, we've got I mean, even though this AI thing is really exciting, we've slightly exaggerated the revenues that we think are going to come out of AI, and we're not sure the debt associated with AI is going to be repaid. matched

And yet a combination of both tumbling share prices and and debt. matched

An AI debt looking as though it's not going to be repaid. matched

And you had that kind of shock, right? matched

Now, it is theoretically possible that you'd get the normal flight to safety in those circumstances, and investors around the world will think, oh, maybe we'll just put our money in the dollar. matched

And maybe in those circumstances we will back President. matched

President Trump, and actually, you know, it would be good for purchases of US government debt. matched

But actually matched

If that were to happen and we were to see a a massive fall uh in the price of AI related stocks, that would be associated also with a con a very big drop in expectations of US economic growth, right? matched

Because you know, so much of America's economic growth is being powered by this AI investment. matched

And so matched

I mean, you might just get investors saying, oh, hang on a second. matched

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