The Bond Bubble: A House of Cards Built on Debt and Desire The U. S. Treasury Department's recent decision to double its government debt buybacks has sparked concern among investors and economists.
JPMorgan's James Sullivan likens this move to "paying your mortgage with your credit card," highlighting the short term relief that comes at a long term cost. U. S.
government debt exceeds $40 trillion, while global developed market governments owe around $76 trillion.