Global debt is soaring and we need to talk about it
Repost from 9-20-2021
“The only thing more remarkable than the size of this longer term surge is that there is so little public debate about its consequences, largely because voters and investors tend to be distracted by short-term issues happening in their own backyards.”
USAGOLD note: If Gillian Tett is worried, we should all have an ear to the rail. She was among the small group of analysts back in 2007-2008 who saw the debt crisis coming. She points to global debt being leveraged by a factor of three at the end of this editorial, and says it deserves “far more debate” even for those optimistic about the outcome– which she is not.