Bond vigilantes will punish free-spending world politicians in 'epic clash' next year after notching key victories, market expert says

• An "epic clash" between bond vigilantes and world leaders is coming, Ruchir Sharma said in the FT.
• Next year will see dozens of national elections, which usually means spending splurges before the vote.
• "Taking on the bond vigilantes is mostly a losing battle but that won't stop many politicians from trying."

With a record year of national elections coming up next year, one market expert expects a brawl between unthrifty politicians and anxious bond investors.