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in #blog • 7 years ago

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Every second, someone in the world goes under debt. The clock is ticking..... And it has extended an all-time high of USD 86,000 per person. Most debt by US, Japan and China.  The updated figure equals 225 percent of the global GDP of 2017.

Is this a big economic bubble? The figure accounts for more than half of the global average income per-capita. Debt levels around the world are at historical highs! The ensuing higher US interest rates could trigger a flight of funds, thus destabilising the economies.

#griffex

#esteem #steemthat #good-karma
7 years ago in #blog by
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