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

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

Source: WCIV

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DW NOTE

The IMF calling debt levels "worrisome" is like a pyromaniac expressing concern about a house fire. Global sovereign debt didn't rise despite their policy advice — it rose because of it. Every bailout, every liquidity programme, every directive to "support demand" added another layer to the pile. Post-WWII debt was incurred fighting the Axis. This debt was incurred fighting 2% inflation targets and defending bond market conveniences.

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