Global sovereign debt now higher than post-WWII; IMF says situation is 'worrisome' - KATV
Global sovereign debt now higher than post-WWII; IMF says situation is 'worrisome' - KATV
Source: KATV
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DW NOTE
The IMF calls this "worrisome" while a shooting war closes the world's most critical oil chokepoint and central banks print their way through supply shocks. Sovereign debt didn't reach post-WWII levels through bad luck — it got there because governments spent a decade treating zero rates as permanent and are now defending that mistake at 5.18% on the 10-year. The US deficit is running $1.4 trillion through June alone, 3% higher than last year, with rates rising and oil inventories falling 3.1 million barrels per day in August.