Global sovereign debt now higher than post-WWII; IMF says situation is 'worrisome' - KDBC
Global sovereign debt now higher than post-WWII; IMF says situation is 'worrisome' - KDBC
Source: KDBC
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DW NOTE
The IMF calls something "worrisome" when it has already metastasised into a crisis they cannot solve. Global sovereign debt passed the post-WWII peak years ago — the novelty now is that it happened without a world war to excuse it, just decades of central banks treating zero as a policy rate rather than a market failure.