Emeritus Prof Christopher May on Nostr: For those of you worried about the levels of #publicdebt, here's a scary chart for ...

For those of you worried about the levels of #publicdebt, here's a scary chart for you - and if you're concerned about developing state #debt, then its even more worrying.

The key thing here is that public debts are (on the other side) 'performing assets' for #investors & #pensioners so the crucial Q. is how willing are the holders to continue to roll forward or even increase their holdings....

So, its partly about confidence... as #LizTruss' debacle showed, that can dissipate very quickly!