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Bloomberg/Liz Capo McCormick, Craig Torres, Mathieu Benhamou and Demetrios Pogkas/1-27-2021
“In the battle against Covid-19, governments around the globe are on the cusp of becoming more indebted than at any point in modern history, surpassing even World War II.”
USAGOLD note: No matter how you slice and dice it – no matter how sophisticated the corporations and nation-states involved – there will come a day of reckoning when, as Bloomberg puts it, “the world will be weighed down by larger debt burdens that could hobble growth over the longer term.” And then of course, there is the issue of how these debts will be handled when interest rates begin to rise, and, in the interim, the money that has been printed to cover them.
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