‘Where we are today is frightening’: a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt0

• Banking, Business, Finance
• June 2, 2026

Liaquat Ahamed has spent his career studying the moments when the world’s financial system breaks down — the bad bets, the collective delusions, and the geopolitical accidents that tip economies into catastrophe. Right now, he says, he doesn’t like what he sees. “Where we are today is frightening,” Ahamed, the Pulitzer Prize-winning author of Lords of