| “$247 trillion global debt bomb” even Washington Post is warning. Debt surges globally and global debt is up almost $150 trillion in just 15 years. Debt surge appears to be accelerating: Q1,18 alone, global debt rose by a huge $8 trillion. All major countries and every strata of society sees debt surge – consumer/ household, business, financial and government. NB to consider the debt surge in context of GDP and since 2003, as a share of the world economy (gross domestic product), the increase went from below 250% of GDP in 2003 to nearly 320% today … first time since Q3 2016 that global debt to GDP increased suggesting that global growth is now slowing while debt increases. Quarter Quadrillion in debt does not include massive pension liabilities and other unfunded liabilities such as social security, medicare and medicaid. Access and subscribe to this story and more on www.news.goldcore.com |
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