Sovereign Debt
topic on 3 shows · 6 statements across 6 episodes
My First Million 
Capital Allocators 
All-In
6 statements about Sovereign Debt, every show
Aitken: Large-scale fiscal stimulus requires low sovereign refinancing rates
“The ability to deploy fiscal policy in scale or just fund or socialize losses
Depends on your ability to roll over all your sovereign debt at a fairly predictable, fairly low rate.
Otherwise, it just doesn't work.”
Daniel: US sovereign debt is causing significant market crowding out
“And as a result, we've built up tremendous amounts of sovereign debt, which were, I guess, manageable when rates were at zero. Well, rates are not at zero anymore. So as a result, there's a tremendous crowding out factor that is occurring right now.”
Chamath: Record 19 developing nations have sovereign debt at distressed levels
“There are now a record 19 developing countries with sovereign debt trading at distress levels. 19. And two that have already defaulted.”
Saylor: Bitcoin will become a $10T primary global treasury reserve asset
“You know, people that understand Bitcoin think it's going to grow to become the 10 trillion dollar asset that gold is, and then it's going to replace negative yielding sovereign debt and then corporate debt and ultimately it will become the primary treasury re…”
Druley: US equities and sovereign debt are richly valued
“You have pockets of assets that are richly valued. We think U.S. Equities, sovereign debt.”
Sovereign lending theories fail because countries can simply refuse to tax
“You know, for example, Walter Riston was famous for saying, well, lending to countries is better than companies because countries can't default. They have infinite power of taxation. Yes, they do until they decide not to exercise it. And so all of these kind o…”