What’s behind the rise of ‘doom spending’?
Economic resentment over housing and jobs drives young people in particular to reach for their credit cards
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It’s time to sound the alarm on growing fiscal and financial risk
Rising public debt is one concern — another is how it is being financed
The bond doom-mongers have got at least one thing right
Pressure on government borrowing costs is building
Private credit firms pile into consumer debt as risk-taking mounts
Growth raises concerns about underwriting and risk management at fast-expanding groups
Beware populist economics
History suggests the political approach ends in unsustainable debt and lower GDP
Interest rates take fright
The market’s calm in the face of war is beginning to crack
Markets should pay heed to the affordability squeeze
Political pressure in response to public anxiety will demand policy responses