Fugitive thief of global debt is now a potential killerThe mountain of global debt is of particular concern because of the sharp series of interest rate increases in the US
The threat that debt levels in different sectors of the economy pose to financial markets should be more clearly communicated
by Anthony Rowley
Financial crises have a way of creeping up on the world like a thief in the night and they come from different causal directions.
The next one is very likely to come from debt problems – unless beaten to it by a stock market crash – and it is already close on our heels.
It may not appear that way because global debt has been mounting for decades and life goes on. But the nature of the debt threat has changed relatively recently along with rising interest rates and the figurative “thief” is now a potential killer.
Source: SCMP
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