A fun one. pic.twitter.com/s66YfDKkfK
— Market Musings (@AndysCycles) October 11, 2021
US government debt as share of GDP by election year.
2004: 66%
2008: 73%
2012: 103%
2016: 106%
2020: 131%— Win Smart, CFA (@WinfieldSmart) October 10, 2021
Global Debt Will Be Nearly Three Times Bigger Than Global GDP by Year-End: S&P
Global debt rose to a record high of nearly $300 trillion in the second quarter of this year, data from the Institute of International Finance (IIF) shows. Total debt, including government, household, corporate and bank debt, soared $4.8 trillion to $296 trillion at the end of June, $36 trillion above its pre-pandemic levels.
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