Relevant:
- World debt hits record $164 trillion as crisis hangover lingers
- The IMF Is Worried About the World's $152 Trillion Debt Pile
- Mass default looms as world sinks beneath a sea of debt - Geneva Report
- World needs $100 trillion more credit, says World Economic Forum
- The suffocation of unsustainable global debt -- Total global debt is now over $190 trillion and more than three times global GDP.
2017-06-19 — smh.com.au
Today, the scars of the global financial crisis remain. There have been trillions of dollars in losses. And in a world of subpar economic growth, even optimists are downbeat about whether the economic medicine has been taken...
Firstly, excessive debt. In the aftermath of the world market crash, rather than pushing for debt destruction, world leaders used fiscal and monetary policy to fan demand. Global debt now stands at a staggering US$215 trillion.
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