Friday, February 06, 2015

China’s Monumental Debt Trap—-Why It Will Rock The Global Economy

China’s Monumental Debt Trap—-Why It Will Rock The Global Economy | David Stockman's Contra Corner:

"Bloomberg News finally did something useful this morning by publishing some startling graphs from McKinsey’s latest update on the worldwide debt tsunami.

If you don’t mind a tad of rounding, the planetary debt total now stands at $200 trillion compared to world GDP of just $70 trillion."


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