In 2017, the global economy grew $3.9tn …& global debt grew $21tn to $237tn: the implosion “is approaching”

A clear warning from Steve StAngelo in SRSrocco Report: this mountain of debt will crash the global economy:

“Unfortunately, when the massive amount of debt finally implodes, it will take down the values of most Stocks, Bonds, and Real Estate.  This is not a matter of “IF,” it’s a matter of “WHEN.”  And it seems as if the WHEN is quickly approaching.”

Let us hope that Steve is somehow wrong. But I am not at all sure that he is. I read other analyses of how fragile the global economy is, propped up as it is by such a growing mountain of debt. But these tend to read as whinnies, to Steve’s roar.

Image: from article

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