Thursday, December 4, 2014

Debt Explosion

Global debt-to-GDP has continued its upward rise, even as slowing growth and persistent disinflation (both logical side-effects of rising debt) detract from the ability of major economies to service those debts in the future.


 *Data based on OECD, IMF, and national accounts data. Source: Buttiglione, Lane, Reichlin, & Reinhart. “Deleveraging, What Deleveraging?” 16th Geneva Report on the Global Economy, September 29, 2014.

An ugly set up for the future !

Geir Solem

Elliott Wave Technician
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