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Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.

The founder of the largest hedge fund in the world didn’t mince words when he was interviewed on the topic of the treasury market this week.

What is driving us towards this “debt crisis” is a rapid rise in government debt driven by an unusually large fiscal deficit.

At the same time, interest rates on all of that debt are also rising rapidly as major buyers have stepped back from the market.

As many emerging market economies are well aware, rapidly growing debt paired with rapidly rising interest rates is a recipe for a debt crisis.

At some point, the Fed may need to step in and intervene in the treasury market but that likely wouldn’t come without serious consequences for inflation.

Thanks for reading and have a great weekend.