Global debt levels continue to rise

From Axios:

The world’s debt rose by $3 trillion in the first quarter of 2019 — an almost unprecedented borrowing binge that brought total global debt to $246.5 trillion.

READ  Global Debt Reaches A Record $281 Trillion! Get Ready For A New Global Monetary Order: Bitcoin? Gold?

Why it matters: High levels of debt put countries in a vulnerable position in the event of a downturn and could endanger the world’s economic recovery, said economists from the Institute of International Finance, which released the study today.

READ  Fed Balance Sheet Approaching $8 Trillion, Real Estate Prices Continue To Soar! (So Much For Affordable Housing Policy!)

Continue reading at Axios…

496 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.