Earlier this year I reported that a minority of economists contended that global market participants had exaggerated fears about accelerating inflation and higher interest rates.
In the short run the war proved them wrong. Inflation, especially energy prices have soared. … Read the rest
Global debt soared by a whopping $24 trillion to an all-time record of $281 trillion, or 355 per cent of gross domestic product (GDP) in 2020.
Massive government aid and the decline in state and corporate revenues caused the borrowing … Read the rest
Global debt It is expected to surge to over 342 per cent of GDP or $270 trillion. Much depends on the length of the pandemic and depth of recession
EXTENSIVE global debt is likely to impede economic growth once the … Read the rest
Long-term yields are so low that they have priced in slowing growth,
Bond price volatility and gold prices have risen as bond market
participants expect the US Federal Reserve and other central banks to slash
rates to counter a … Read the rest