Getting ready to do a presentation on Global macroeconomic trends and forecasts. National debt across countries will be a significant theme -- so sharing a couple of powerful charts I will be using. The first one is easier to read; the second one highlights the problem areas visually -- and quickly shows the debt problem that advanced economies are facing. Only a couple decades ago we heard about Latin American debt crisis, the Asian crisis, etc -- how quickly the world has changed.
I have another post coming on dissecting the debt situation -- we don't quite need the knee-jerk austerity programs that some countries are advocating, but we do need to spend more time understanding why we are increasing debt in the first place? Is it to help the temporarily displaced? to build infrastructure? or simply to bailout politically important constituencies. Stay tuned..
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