The ‘Everything’ Crash: U.S. Debt Crisis Leaves Nowhere To Hide | Brett Heath

Rising long-term interest rates, driven by the U.S. government's massive annual debt rollover and a shift toward price-sensitive hedge fund buyers, are fundamentally altering the economic landscape. This environment increases the cost of capital, pressuring real estate and broader industry, while geopolitical instability in the Middle East exacerbates supply chain disruptions and inflation. Brett Heath, CEO of Metalla Royalty, highlights that mining equities currently offer record margins at historically low valuations, positioning royalty companies as essential components of the capital stack for future mining projects. Copper remains a critical, underpriced bottleneck for the expanding AI and data center infrastructure, as supply lead times span nearly two decades. Consequently, royalty companies are strategically positioned to capitalize on this cycle by providing financing to high-quality assets while maintaining disciplined growth through selective, accretive acquisitions.