So Bloomberg reports. Entering 2000 it was $84 tn. Total global wealth at the end of 2017 summed to $280 trillion. Debt is growing 3 times faster than wealth.
Bloomberg: “Governments are largely responsible for the borrowing binge, with their debt growing not just nominally…
…but as a percentage of global GDP as well.”
“With the recession nine years in the rear-view mirror, this would typically be the time to pay off debt, not add to it. Because of that, the fretting about the Fed’s current balance-sheet runoff plan is almost comical. There’s simply too much debt in the system and no clear path to truly paying it off.”
Image: from srticle, adapted
