Debts 03 - Govt etc (Feb 24 - Dec 26)

[winston]

World drowning in debt

By Pankaj C. Kumar

ACCORDING to the Institute of International Finance (IIF), total global debt – which includes household, non-financial corporates and government, as well as financial sector debt – surged to a new record high of US$315.1 trillion at the end of the first quarter (1Q) of 2024.

This translates to a debt-to-gross domestic product (GDP) ratio of 333%.

On a quarter-on-quarter basis, this was the first increase in the global debt-to-GDP ratio, after three consecutive quarters of decline.

Source: The Star

https://www.thestar.com.my/business/bus ... e=smartech

[behappyalways]

U.S. debt exceeds 35 trillion, interest payments and budget deficit are enough to crush the U.S. economy

美國債破35兆 利息支出 預算赤字 足以壓垮美經濟 TVBS文茜的世界財經周報 20240804

https://m.youtube.com/watch?v=gVkZgHrFbDw&t=496s

[behappyalways]

Global Debt Hits A New High Of $315 Trillion
https://www.zerohedge.com/markets/globa ... 5-trillion

[behappyalways]

These Were The Largest Sovereign Debt Defaults In Modern History
https://www.zerohedge.com/geopolitical/ ... rn-history

[behappyalways]

Before covid, the US paid $1 billion in debt interest per day; During covid it was $2 billion. Today, it is $3 billion every day.
https://x.com/zerohedge/status/1831502010723795279

[winston]

Global public debt to hit US$100tril by year-end, says IMF

The International Monetary Fund expects debt to approach 100% of global gross domestic product by 2030.

Global public debt is set to reach US$100 trillion, or 93% of global Gross Domestic Product (GDP), by the end of this year, driven by the US and China.

Source: Bloomberg

https://www.freemalaysiatoday.com/categ ... e=smartech

[winston]

The world’s US$100 trillion fiscal timebomb keeps ticking

Public debt levels are set to reach US$100 trillion this year, driven by China and the US.

UK: Oct 30 budget

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... ps-ticking

[behappyalways]

"China's" debt repayment integrity, the West does not respect martial ethics?!
Global public debt "France" exploded first?!

"中國"償債誠信 西方不講武德?! 全球公共債務 "法國"首先炸開?!｜20241020｜‪‪‪‪‪@inewsplus

https://m.youtube.com/watch?v=Sw7LlIzreoE

[behappyalways]

UK To Change Definition Of Debt So It Can Add $90 Billion More
https://www.zerohedge.com/economics/uk- ... llion-more

[behappyalways]

There is a rather enormous amount of Treasury debt to finance in 2025
https://x.com/Mayhem4Markets/status/1861769786025226450