Lyn Alden: The War & Sovereign Debt-Crisis Loop that the US has Now Entered

The Competent Investor · Mar 13, 2026 · 53m

Tom Bodrovics welcomes Lyn Alden, the founder of Lyn Alden Investment Strategy, to discuss the economic implications of recent geopolitical events, particularly the Iran war, and its impact on the U.S. economy and financial markets. Alden emphasizes that fiscal dominance and sovereign debt crises often coincide with periods of war, complicating the investment landscape. She maintains that her base case scenario for the Federal Reserve’s balance sheet growth remains a “gradual print,” where the Fed will end quantitative tightening and transition to a gradually rising balance sheet in line with…