FYI: he world has never had as much debt as it has right now—nearly $250 trillion.
That figure is three times what it was two decades ago, according to a Citigroup analysis of data from the Institute of International Finance. The biggest borrowers: the U.S., China, the eurozone and Japan, which have more than two-thirds of the world’s household debt, three-quarters of corporate debt and nearly 80% of government debt.
Growing debt goes hand-in-hand with growing economies, and for every borrower there is a lender for whom a loan or a bond is an asset. But large debt loads can be signs of trouble if borrowers can’t repay, and pockets of untested borrowing have sprouted in the decade after the financial crisis: corporate debt in China, foreign-currency borrowing in emerging markets, newly popular forms of debt among American households.
Regards,
Ted
https://www.wsj.com/articles/taking-stock-of-the-worlds-debt-11545906600?mod=searchresults&page=1&pos=1
