By Chris at www.CapitalistExploits.at
Let’s talk debt today.
Readers will know that we’ve been keeping a close watch on the global bond markets for a long time now.
Contrary to what the politicians would have us believe, there has been no deleveraging after the GFC. Quite the opposite – global debt has been growing steadily by an average of 5% per year ever since 2007 and now stands at an incredible 286% of world GDP.