Financial markets are ignoring warnings of high global debt
Previous waves of debt have frequently ended in global financial meltdowns
30 November 2020 - 15:07
Early in the Covid-19 pandemic it became clear that the global economy would require an extension of public and private debt to avoid an extraordinarily deep and persistent depression.
Because this unprecedented explosion in debt provided a “bridge” over the collapse in world output, corporate bankruptcies and economic hardship for households have been mitigated...
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