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Bloomberg article | global debt bomb

bloomberg article | hidden debt bomb

It takes quite a lot to worry me. This headline, and the explanation are slightly horrifying, because:

  • It’s certainly true, and not surprising to me, given the problems that low interest rates have caused.
  • I am equally certain that the vast majority (99%+) have no idea what this set of financial instruments is, much less how they work, why, who is involved, etc. I will eat my hat if I am wrong here.

 

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