Bank of America Stumbles On A $51 Trillion Problem

Wednesday, September 13, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 13, 2017

At the end of June, the Institute of International Finance delivered a troubling verdict: in a period of so-called “coordinated growth”, total global debt (including financial) hit a new all time high of $217 trillion in 2017, over 327% of global GDP, and up $50 trillion over the past decade. Commenting then, we said “so much for Ray Dalio’s beautiful deleveraging, oh and for those economists who are still confused why r-star remains near 0%, the chart below has all the answers.”

The Rest…HERE

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