Global bond rout deepens as yields hit multi-decade highs

• Global bond markets are experiencing a rout due to fears over fiscal deficits and rising inflation.
• Governments are criticized for not getting their 'financial house in order' and piling on more debt, rather than addressing underlying issues.
• The US debt-to-GDP ratio has significantly increased from 55.8% in 2007 to 119-125% today, with debt rising from $9 trillion to $40 trillion.
• There is disagreement on whether a stock market correction would alleviate bond market pressure, with some arguing it wouldn't solve underlying fiscal problems.

The discussion highlights a deepening global bond rout driven by unchecked fiscal deficits and rising debt-to-GDP ratios across major economies. Speakers criticize governments for failing to address these fundamental issues, leading to abysmal market sentiment and concerns over long-term financial stability.