{"id":23493,"date":"2017-04-07T12:00:21","date_gmt":"2017-04-07T17:00:21","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23493"},"modified":"2017-04-07T12:00:21","modified_gmt":"2017-04-07T17:00:21","slug":"soaring-global-debt-sets-stage-for-unprecedented-private-deleveraging","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23493","title":{"rendered":"Soaring Global Debt Sets Stage For \u201cUnprecedented Private Deleveraging\u201d"},"content":{"rendered":"
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Soaring Global Debt Sets Stage For \u201cUnprecedented Private Deleveraging\u201d<\/a><\/h3>\n<\/header>\n
\n

The UK\u2019s Telegraph just published an analysis of global debt<\/a> that pretty much sums up the coming crisis. Here\u2019s an excerpt with a couple of the more hair-raising charts:<\/p>\n

Global debt explodes at \u2018eye-watering\u2019 pace to hit \u00a3170 trillion<\/a><\/strong><\/p>\n

Global debt has climbed at an \u201ceye-watering\u201d pace over the past decade, soaring to a fresh high of \u00a3170 trillion last year, according to the Institute of International Finance (IIF).The IIF said total debt levels, including household, government and corporate debt, climbed by more than $70 trillion over the last 10 years to a record high of $215 trillion (\u00a3173 trillion) in 2016 \u2013 or the equivalent of 325pc of global gross domestic product (GDP).<\/p>\n

\"\"<\/a><\/p>\n

It said emerging markets posed \u201ca growing source of concern\u201d to financial stability and the global economy as debt burdens in these countries climb at a rapid pace.<\/p>\n

Growing vulnerabilities
\nThe IIF data showed the increase was partly driven by a \u201cspectacular rise\u201d in emerging markets, where total debt stood at $55 trillion at the end of 2016, or 215pc of total emerging market GDP.<\/p>\n

Debt has risen from $16 trillion in 2006 and $7.4 trillion in 1996.<\/p>\n

The body, which represents the world\u2019s top financial institutions, said a wave of maturing debt this year presented a \u201cgrowing refinancing risk\u201d.<\/p>\n

It estimates that more than $1.1 trillion of emerging market bonds and loans will mature this year, with dollar-denominated debt accounting for a fifth of all redemptions.<\/p>\n

\"\"<\/a><\/p>\n

The Bank of England\u2019s Financial Policy Committee (FPC) said on Tuesday that credit in China continued to grow at a \u201crapid\u201d pace.<\/p>\n

Corporate credit in the world\u2019s second largest economy has climbed to 166pc of nominal GDP.<\/p>\n

The IMF at the end of last year warned of broader risks to the global economy.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Soaring Global Debt Sets Stage For \u201cUnprecedented Private Deleveraging\u201d The UK\u2019s Telegraph just published an analysis of global debt that pretty much sums up the coming crisis. Here\u2019s an excerpt with a couple of the more hair-raising charts: Global debt explodes at \u2018eye-watering\u2019 pace to hit \u00a3170 trillion Global debt has climbed at an \u201ceye-watering\u201d […]<\/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":[2027,14803,364,7544],"class_list":["post-23493","post","type-post","status-publish","format-standard","hentry","category-economics","tag-deleveraging","tag-dollar-collapse-com","tag-global-debt","tag-john-rubino"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23493","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=23493"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23493\/revisions"}],"predecessor-version":[{"id":23494,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23493\/revisions\/23494"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}