102. US Debt Warning, Yen Carry Trade Risk & Is AI Really a Bubble?

Expat Wealth - Cross-Border Financial Advice for Expats in America and Americans Abroad · Sep 17, 2026 · 38m

Brian Dunhill has stepped out for this episode, so Richard Taylor is joined by Dunhill analyst Kamaljit Somal for an unscripted breakdown of the forces moving global markets.

First up, the US bond market. Kam explains why rising long-term yields are making policymakers nervous, how higher borrowing costs feed through to mortgages, car loans and government finances, and why the bond market may finally be sounding the alarm over US debt. With federal debt approaching $40 trillion, Richard and Kam dig into the bigger issue: the growing cost of servicing it, which Kam says is now a larger expense…