{"id":13230,"date":"2015-10-10T16:41:25","date_gmt":"2015-10-10T21:41:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13230"},"modified":"2015-10-10T16:41:25","modified_gmt":"2015-10-10T21:41:25","slug":"imf-3-trillion-in-over-borrowing-now-threatens-to-unleash-a-wave-of-defaults","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13230","title":{"rendered":"IMF: $3 trillion in \u201cOver-Borrowing Now Threatens To Unleash a Wave of Defaults\u201d"},"content":{"rendered":"<h3><a href=\"http:\/\/www.shtfplan.com\/headline-news\/imf-3-trillion-in-over-borrowing-now-threatens-to-unleash-a-wave-of-defaults_10092015\" target=\"_blank\">IMF: $3 trillion in \u201cOver-Borrowing Now Threatens To Unleash a Wave of Defaults\u201d<\/a><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11599\" src=\"http:\/\/shtfplan.com\/wp-content\/uploads\/2011\/10\/economy-globalcrisis.jpg\" alt=\"Global Economic Crisis\" width=\"426\" height=\"282\" \/><\/p>\n<p>The next great financial crisis may be only a short time away.<\/p>\n<p>As readers know, SHTF has routinely covered the bleak warnings and predictions of market insiders and critics of Wall Street and the Federal Reserve.<\/p>\n<p>Now, there is yet another indication that things are reaching a tipping point, and the system is all-too-vulnerable to collapse. Borrowers in states across the globe are under threat of default, and many would be unable to repay loans with even a modest adjustment in the interest rate.<\/p>\n<p>There is so much debt piled up all over the place, that things are absolutely in danger of coming unglued. The IMF is now hovering over the situation, warning of impending crisis.<\/p>\n<p>According to the\u00a0<a href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/11916485\/3-trillion-corporate-credit-crunch-looms-as-debtors-face-day-of-reckoning.html\" target=\"_blank\">London Telegraph<\/a>:<\/p>\n<blockquote><p><strong>A poisonous \u201ctriad\u201d of global risks is pushing the world to the brink of a new financial crisis, says stark IMF report<\/strong><\/p>\n<p><strong>Governments and central banks risk tipping the world into a fresh financial crisis<\/strong>, the International Monetary Fund has warned, as it called time on a corporate debt binge in the developing world.<\/p>\n<p><strong>Emerging market companies have \u201cover-borrowed\u201d by $3 trillion in the last decade<\/strong>, reflecting a quadrupling of private sector debt between 2004 and 2014, found the IMF\u2019s Global Financial Stability Report.<\/p>\n<p>This dangerous over-leveraging now threatens to unleash a wave of defaults that will imperil an already weak global economy, said stark findings from the IMF\u2019s twice yearly report.<\/p><\/blockquote>\n<p>Things are apparently teetering dangerously over the edge, with plenty of room to trigger further chaos in the developing world:<\/p>\n<blockquote><p>The slightest miscalculation, they said, could collapse into a \u201cfailed normalisation\u201d of interest rates and market conditions, wiping 3pc from the world\u2019s economic output over the next two years.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMF: $3 trillion in \u201cOver-Borrowing Now Threatens To Unleash a Wave of Defaults\u201d The next great financial crisis may be only a short time away. As readers know, SHTF has routinely covered the bleak warnings and predictions of market insiders and critics of Wall Street and the Federal Reserve. Now, there is yet another indication [&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":[200,303,305,418,434,6490,860],"class_list":["post-13230","post","type-post","status-publish","format-standard","hentry","category-economics","tag-default","tag-fed","tag-federal-reserve","tag-imf","tag-international-monetary-fund","tag-shtfplan-com","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13230","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=13230"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13230\/revisions"}],"predecessor-version":[{"id":13231,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13230\/revisions\/13231"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}