Zero Hedge: Global Debt Hits Record $233 Trillion, Up $16Tn In 9 Months
Last June we reported that according to the Institute of International Finance - perhaps best known for its periodic and concerning reports summarizing global leverage statistics - as of the end of 2016, in a period of so-called "coordinated growth", global debt hit a new all time high of $217 trillion, over 327% of global GDP, and up $50 trillion over the past decade.
Six months later, on January 4, 2018, the IIF has released its latest global debt analysis, which reported that global debt rose to a record $233 trillion at the end of Q3 of 2017 between $63Tn in government, $58Tn in financial, $68TN in non-financial and $44Tn in household sectors, an total increase of $16 trillion increase in just 9 months.
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WNU Editor: I shudder when I look at these numbers. The interest alone that must support such a debt .... as I said .... I shudder all the time when I think about these things.
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