Geopolitics

Global sovereign debt now higher than post-WWII; IMF says situation is 'worrisome' - kmph.com

Source: kmph.com

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DW NOTE

The IMF calls debt "worrisome" while the Fed prints reserves to fund a $1.4 trillion deficit during an active war that has cut global oil supply by 5.7 million barrels per day. Sovereign debt isn't higher than post-WWII by accident — it's higher because central banks monetised every crisis since 2008 and called it prudence.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Global sovereign debt now higher than post-WWII; IMF says situation is 'worrisome' - kmph.com

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