The Global Government Debt Crisis Is Being Ignored By the Markets
Doug Kass
on
October 21, 2026
The global debt crisis has never been worse.
— The Kobeissi Letter (@KobeissiLetter) October 20, 2026
Japan now has a gross government Debt-to-GDP ratio of 204.4%, the highest among any major world economy.
Italy follows at 138.4%, while the United States stands at 125.8%, which is only below the ~132.0% record set during the 2020… pic.twitter.com/2AhtoeKN53
Position: None
- Category: Daily Diary
Posted by Doug Kass
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.