Soaring debt pushing wealthy nations to ‘fiscal death’

Soaring debt pushing wealthy nations to ‘fiscal death’ – economist ...News

Russia Today - Economy

Global borrowing topped a record $300 trillion last year Major economies that fail to address their mounting debt issues will die a “fiscal death,” the head of investment and wealth advisory Laffer Tengler Investments, Arthur Laffer, has warned. In an interview with CNBC this week, he predicted a “decade of debt,” adding that the borrowing crisis has embraced both developed and emerging countries, and it is not going to “end well.” Global debt has surged by $100 trillion from a decade ago and hit a record of $307.4 trillion last September, amid the biggest surge in global interest rates in 40 years, according to t

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Soaring debt pushing wealthy nations to ‘fiscal death’ – economist ...News

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