{"id":12809,"date":"2015-09-30T07:04:00","date_gmt":"2015-09-30T12:04:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12809"},"modified":"2015-09-30T07:04:00","modified_gmt":"2015-09-30T12:04:00","slug":"look-out-below-corporate-debt-in-emerging-markets-has-quadrupled-since-2004","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12809","title":{"rendered":"Look Out Below: Corporate Debt In Emerging Markets Has QUADRUPLED Since 2004"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.washingtonsblog.com\/2015\/09\/look-out-below-corporate-debt-in-emerging-markets-has-quadrupled-since-2004.html\" target=\"_blank\">Look Out Below: Corporate Debt In Emerging Markets Has QUADRUPLED Since 2004<\/a><\/h3>\n<div class=\"entry-meta\">Debt has\u00a0<a title=\"skyrocketed globally\" href=\"http:\/\/www.washingtonsblog.com\/2015\/05\/46790.html\">skyrocketed globally<\/a>. And see\u00a0<a title=\"this\" href=\"http:\/\/news.investors.com\/ibd-editorials\/031014-692728-surge-in-global-debt-doesnt-buy-more-growth.htm\" target=\"_blank\">this<\/a>.<\/div>\n<div class=\"entry-content\">\n<p>Governments have \u2013 of course \u2013\u00a0<em>dramatically<\/em>\u00a0increased their debt since 2008 to fund\u00a0<a title=\"questionable actions\" href=\"http:\/\/www.washingtonsblog.com\/2015\/08\/the-federal-reserve-which-created-quantitative-easing-admits-qe-doesnt-work.html\">questionable actions<\/a>.<\/p>\n<p>But 141 years of history shows that\u00a0<a title=\"excessive private debt in and of itself can cause depressions.\" href=\"http:\/\/www.washingtonsblog.com\/2012\/09\/138-years-of-economic-history-show-that-keen-and-minsky-are-right-and-all-of-the-mainstream-economists-are-wrong.html\">excessive\u00a0<em>private<\/em>\u00a0debt in and of itself can cause depressions.<\/a><\/p>\n<p>American corporations are piling on\u00a0<a title=\"record amounts\" href=\"http:\/\/www.cnbc.com\/2014\/03\/10\/corporate-debt-fever-rises-to-new-record-in-2014.html\" target=\"_blank\">record amounts<\/a>\u00a0of debt. And\u00a0<a title=\"see this\" href=\"https:\/\/research.stlouisfed.org\/fred2\/series\/NCBDBIQ027S\" target=\"_blank\">see this<\/a>.<\/p>\n<p>Private debt has also gone\u00a0<a title=\"absolutely ballistic\" href=\"http:\/\/www.washingtonsblog.com\/2015\/08\/the-real-reason-chinas-economy-is-crashing.html\">absolutely ballistic<\/a>\u00a0in China recently.<\/p>\n<p>But it\u2019s not just the U.S. and China \u2026<\/p>\n<p>The Telegraph\u00a0<a title=\"reports\" href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/11898936\/World-set-for-emerging-market-mass-default-warns-IMF.html\" target=\"_blank\">reports<\/a>\u00a0today:<\/p>\n<blockquote>\n<div class=\"firstPar\">\n<p>The International Monetary Fund (IMF) \u2026 said corporate debts in emerging markets ballooned to $18 trillion (\u00a312 trillion) last year, from $4 trillion in 2004 as\u00a0<strong>companies gorged themselves on cheap debt<\/strong>.<\/p>\n<p>It said the\u00a0<strong>quadrupling in debt<\/strong>\u00a0had been accompanied by weaker balance sheets, making companies more vulnerable to US rate rises.<\/p>\n<\/div>\n<\/blockquote>\n<p><a title=\"What could possibly go wrong\" href=\"http:\/\/www.washingtonsblog.com\/2011\/07\/economics-professor-well-have-never.html\">What could possibly go wrong<\/a>?<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Look Out Below: Corporate Debt In Emerging Markets Has QUADRUPLED Since 2004 Debt has\u00a0skyrocketed globally. And see\u00a0this. Governments have \u2013 of course \u2013\u00a0dramatically\u00a0increased their debt since 2008 to fund\u00a0questionable actions. But 141 years of history shows that\u00a0excessive\u00a0private\u00a0debt in and of itself can cause depressions. American corporations are piling on\u00a0record amounts\u00a0of debt. And\u00a0see this. Private debt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[9417,130,195,1732,380,418,1154,434,827,834,5510],"class_list":["post-12809","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cheap-debt","tag-china","tag-debt","tag-emerging-markets","tag-government-debt","tag-imf","tag-interest-rate-policy","tag-international-monetary-fund","tag-united-states","tag-us","tag-washingtons-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12809"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12809\/revisions"}],"predecessor-version":[{"id":12810,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12809\/revisions\/12810"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}