ViewpointsOpinionGeopolitical Risks May Accelerate a Debt CrisisSavePrintThe UN Security Council Chamber at the United Nations Conference Building in New York. Golden Brown/ShutterstockDaniel Lacalle10/16/2023|Updated: 10/18/20230:00X 1CommentaryMany investors are warning of the risk of a debt crisis, but governments are ignoring all the signals.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentDaniel LacalleAuthorDaniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”websiteAuthor’s Selected ArticlesHow Maduro and His Allies Stole Venezuela’s Oil WealthJan 21, 2026Markets May Be Wrong About the Risks of Venezuela and GreenlandJan 19, 2026One Year In, Trump’s Economy Defies the Experts and Outpaces G7Dec 27, 2025The US Manufacturing Sector Wins While Net Zero Destroys Industry ElsewhereDec 02, 2025Related Topicsgeopoliticsdebt crisis