Monday, October 10, 2016

Record Debt & Slowing Economic Growth
Article takes a few points from the recent IMF report which highlights how the world is in at least $152 Trillion of debt (end of 2015), more than double the amount owed in 2000 .. the debt to GDP ratio is also up .. Private debt is high not only among advanced economies but also in a few “systemically important” emerging market economies, namely Brazil & China .. this debt has purchased a lower for longer period of economic weakness in exchange for some short-term financial boost .. Danielle Park: "Adding debt on debt is not our savior, it is our collective demise. Until we admit and repent this destructive behavior, the global economy cannot reform and recover. In the meantime, downside shocks will continue to mount."
LINK HERE to the article

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