Are we in for another GFC? Will interest rates soar? Is Hanson crazy? I asked this economist

In an ANZ Bank economist interview, Richard Yetsenga argued against a purely alarmist take on the global economy while warning about one major risk: the US fiscal and bond-market outlook. Discussing the “American bond market,” Yetsenga said investors hold US government debt that has reached about $40 trillion, growing roughly 10% during the early part of Trump’s second term. He noted that US net public debt is near 100% of GDP, compared with Australia’s 32%. Bond yields may need to rise as investors weigh alternatives. The exchange raised the possibility that investors could lose confidence in the US’s ability to repay, though the interview segment continues beyond this excerpt.