Posted inOpinion

The bubble of bubbles

The Covid-19 pandemic, supply-chain bottlenecks, deficits and inflation: As economic conditions continue to deteriorate, global debt has reached a record US$305 trillion. According to the Institute of International Finance, in the first quarter of 2022, China and the US added $2.5 trillion and $1.5 trillion respectively in credit. The good news is that the global debt-to-GDP ratio dropped […]