Post Tagged with: "Debt Crisis"

Global Debt Increases To Near-Record Highs – $305 Trillion

Global Debt Increases To Near-Record Highs – $305 Trillion

The global debt increased by $8.3 trillion in the first quarter of the year to a near-record high of $305 trillion amid an aggressive tightening of monetary policy by central banks, the Institute of International Finance (IIF) has revealed. According to its quarterly Global Debt Monitor (GDM) report on Wednesday, the reading is the highest since the first quarter of[Read More…]

by 22/05/2023 Comments are Disabled World
Humanity Faces Converging Debt Crises

Humanity Faces Converging Debt Crises

High levels of global debt are likely to turn what could be a controllable shift from expansion to contraction into a blowout of unfulfilled expectations and obligations, leading to widespread suffering. An enormous debt bomb threatens the U.S. federal government and the nation’s financial system unless warring politicians can agree on a plan to defuse it. However, there are even[Read More…]

by 23/02/2023 Comments are Disabled World
Developing countries debt crisis – Chinese or Western trap?

Developing countries debt crisis – Chinese or Western trap?

As rich countries switch on their firefighting mode to tame soaring inflation, developing countries are feeling the heat. Higher interest rates mean increased debt servicing costs. Hawkish interest rate hikes are also triggering net capital outflows and currency depreciations, adding to the woes caused by commodity price volatilities and US-led trade disruptions. Thus, an increasing number of developing countries are[Read More…]

by 12/09/2022 Comments are Disabled World
International Debt: A Tale of Two Stories

International Debt: A Tale of Two Stories

The International Debt Statistics (2022) published by the World Bank has revealed that the external debt of 123 low- and middle-income countries have increased on average 5.6 percent to $8.7 trillion in 2020.  It shows devastating impact of the pandemic on economy of the developing countries. The G20 creditors have designed a policy framework called the Debt Service Suspension Initiative[Read More…]

by 29/08/2022 Comments are Disabled World
Global Debt Leaps to $226 Trillion, reports IMF

Global Debt Leaps to $226 Trillion, reports IMF

The global debt has jumped to a new high of $226 trillion, said the International Monetary Fund (IMF) on October 13, 2021. As reason of this leap in global debt, the IMF has cited the Covid-19 and policies put in place to respond to it. Global debt in 2020, including public and private borrowing, “jumped by 14 percent to a record high $226 trillion,”[Read More…]

by 18/10/2021 Comments are Disabled World
Don’t Buy The “National Deficit/Debt” Scam That Steals From Working People

Don’t Buy The “National Deficit/Debt” Scam That Steals From Working People

For decades the politicians have refused to tax the rich, the corporations and the banks. They choose instead to borrow to run the government. They borrow money from the rich, whom they refused to tax, and then pay them interest. Politicians keep telling us that the national debt is too high; they say we can’t afford to spend money on[Read More…]

by 28/06/2017 2 comments World
What Has Gone Wrong With Oil Prices, Debt, And GDP Growth?

What Has Gone Wrong With Oil Prices, Debt, And GDP Growth?

Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments. If we want any kind of specialization, we need some sort of long-term obligation that will make that specialization worthwhile. If one hunter-gatherer[Read More…]

by 09/12/2016 Comments are Disabled Resource Crisis
Why Energy Prices Are Ultimately Headed Lower; What The IMF Missed

Why Energy Prices Are Ultimately Headed Lower; What The IMF Missed

We have been hearing a great deal about IMF concerns recently, after the release of itsOctober 2016 World Economic Outlook and its Annual Meeting October 7-9. The concerns mentioned include the following: Too much growth in debt, with China particularly mentioned as a problem World economic growth seems to have slowed on a long-term basis Central bank intervention required to produce[Read More…]

by 13/10/2016 1 comment Resource Crisis
IMF Warns Of Record High Global Debt

IMF Warns Of Record High Global Debt

Eight years after the eruption of the global financial crisis, the conditions are being created for another meltdown of even bigger proportions, amid rising geo-political and economic tensions between the major capitalist powers. This is the implication of three reports issued by the International Monetary Fund in preparation for its annual meeting, which begins in Washington today. The World Economic[Read More…]

by 07/10/2016 1 comment Globalisation
How Our Energy Problem Leads To A Debt Collapse Problem

How Our Energy Problem Leads To A Debt Collapse Problem

Usually, we don’t stop to think about how the whole economy works together. A major reason is that we have been lacking data to see long-term relationships. In this post, I show some longer-term time series relating to energy growth, GDP growth, and debt growth–going back to 1820 in some cases–that help us understand our situation better. When examining these[Read More…]

by 17/06/2016 Comments are Disabled Globalisation, Resource Crisis