Daniel Garrahan
@dangarrahan.bsky.social
2K followers 170 following 12 posts
I'm Senior Video Journalist at the Financial Times. I make documentaries for the FT. I also like cricket, D&B, NUFC and spicy food.
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Reposted by Daniel Garrahan
katie0martin.ft.com
NEW FT FILM! By the very excellent @dangarrahan.bsky.social

Are governments addicted to debt? Is this a bad thing? Will this all go horribly wrong?

Cast of stars here: Martin Wolf, Chris Giles, Ray Dalio, Olivier Blanchard, Stephanie Kelton, Karen Ward, Greg Peters...

www.ft.com/video/5d5c43...
Why governments are 'addicted' to debt | FT Film
Developed economies around the world are loaded up with debt. That was less of a problem in the era of 'free money' but inflationary pressures are back and structurally higher interest rates mean debt...
www.ft.com
dangarrahan.bsky.social
The film also stars former chief economist at the IMF Olivier Blanchard
dangarrahan.bsky.social
Many thanks to Petros Gioumpasis, James Sandy, Greg Bobillot for the camera work.

Thanks also to Russell Birkett for the graphics and to @joesinft.ft.com and Veronica Kan-Dapaah for the support
dangarrahan.bsky.social
This film features @raydalioofficial.bsky.social, Edward Yardini of @yardeniresearch.bsky.social, author of The Deficit Myth @stephaniekelton.bsky.social, Russell Napier of @libraryofmistakes.bsky.social, Greg Peters of PGIM, Karen Ward of JPMorgan Asset Management
dangarrahan.bsky.social
Government debt has sparked a debate between economists. Some say the bill is falling due, something bad will happen if debt isn't cut. Others argue government finances aren't like household finances -governments control the money printing machine and deficits can be useful
dangarrahan.bsky.social
The US, which has a massive deficit and unsustainable debt profiles, is at the heart of this issue. The big question is: when do the bond vigilantes act against the US?
dangarrahan.bsky.social
The bond market and the so-called 'bond vigilantes' have been the ultimate arbiter of fiscal responsibility. Some warn the bond vigilantes could be making a comeback
dangarrahan.bsky.social
Governments live in fear of pushing the bond market too far. No country wants its own 'Liz Truss moment' because it hits the average household in the pocket
dangarrahan.bsky.social
Is the world addicted to debt?

Investors have been warning that governments are addicted to debt for the past 20 years and the alarm bells are growing louder.

This FT film examines what some people are calling the biggest issue in finance today

youtu.be/n1jhoU9Mp_U?...
Why governments are 'addicted' to debt | FT Film
YouTube video by Financial Times
youtu.be
dangarrahan.bsky.social
This is the story of Lars Windhorst, a racy financier with nine lives. It's also the story of Bruno Crastes and H2O Asset Management.

In this film, Windhorst gives his own account of some of his biggest scandals as the FT asks: where did all the money go?

youtu.be/8g9o7ISII6M?...
Lars Windhorst and H2O: scandal, spies and the superyacht | FT Film
YouTube video by Financial Times
youtu.be