IMF Sounds The Alarm On Global Debt, Warns “United States Stands Out”
by Tyler Durden
ZeroHedge.com
Wed, 04/18/2018
Exactly one year ago, in its Global Financial Stability report, the IMF issued a stark warning when looking at the soaring level of private sector debt: it found that more than 20% of US corporations are at risk of defaults once interest rates rise, and calculated that the combined assets of firms threatened by default – those who earnings do not cover their interest expense – could reach almost $4 trillion.
Fast forward exactly one year to today, when the IMF once again sounded the alarm on debt, only this time on the public side of the ledger, warning about – what else – excessive global borrowing, and noting that with a total of $164 trillion of debt, or 225% of global debt to GDP…
The Rest…HERE
