Geopolitics

G20 Faces Division Over Global Imbalances, Sovereign Debt: US Treasury - Global Banking & Finance Review

Source: Global Banking & Finance Review

―

DW NOTE

The G20 has spent two decades discussing "global imbalances" while running deficits that dwarf those of the countries it lectures. The U.S. is on track for another $3 trillion shortfall this year while its Treasury Secretary presumably explains fiscal discipline to Brazil. As for sovereign debt: the G20 nations collectively hold over $70 trillion of it, much of it yielding negative real returns and held captive in pension funds that have no choice but to buy. Division is what happens when the issuers of unsustainable debt meet the creditors stuck funding it.

Read the full story at Global Banking & Finance Review →

EM debt fares well amid US Treasury selloff - EnterpriseAM

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

G20 Faces Division Over Global Imbalances, Sovereign Debt: US Treasury - Global Banking & Finance Review

Read more

EM debt fares well amid US Treasury selloff - EnterpriseAM

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO

Sovereign Debt: The Secret of Gold That Governments Don't Tell - WEEX