World Bank warns of global debt crisis following the fastest increase in borrowing since the 1970s

CNBC/Sam Meredith

grapic image of towering debt skyscraper reaching for the stars“‘The history of past waves of debt accumulation shows that these waves tend to have unhappy endings,’ Ayhan Kose, director of the World Bank’s Prospects Group, said in the report.”

USAGOLD note:  These warnings from high places come with such frequency anymore that they have become little more than background noise for the financial markets.

Repost from 1-10-2020

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.