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Global Debt Is MORE THAN TWICE AS BIG As the Entire World Economy … What Does It Mean?

Global Debt Is MORE THAN TWICE AS BIG As the Entire World Economy … What Does It Mean?

The Guardian reports that global debt has grown by $57 trillion dollars – to $199 trillion dollars – since the 2008 financial crisis.

How much is that?  It’s a big number … but what does it actually mean?

The Guardian notes that global debt is now more than twice the size of the entire global economy:

Total debt as a share of GDP stood at 286% in the second quarter of 2014 compared with 269% in the fourth quarter of 2007.

(That’s more than 2.8 times the size of the world economy).

And it will only keep getting worse:

Government debt-to-GDP ratios will to continue to rise over the next five years in a number of countries including Japan, the US and most European countries ….

While the mainstream press talks about “deleveraging”, the fact is that many households are going deeper into debt:

 

…click on the above link to read the rest of the article…

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