Cutting rates is bringing us closer to ‘the greatest amount of debt’ in human history – RT’s Boom Bust ...News

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Cutting rates is bringing us closer to ‘the greatest amount of debt’ in human history – RT’s Boom Bust
source : Russia Today ( News ) () 37
Ridiculously low interest rates around the world have recently become a hot topic among policymakers and market analysts. RT’s Boom Bust discusses how further cuts would affect ballooning negative yielding global debt. “In August we saw that we were at $17 trillion negative yielding global debt... The IMF is warning that if we reach $19 trillion, which is not there yet but pretty close, we will be in the greatest amount of debt that human history has ever seen,” RT correspondent Sara Montes de Oca said, reporting from the International Monetary Fund (IMF) meetings in Washington, DC. The situation is even closer as central banks are cut

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