Related Topics
Interest Rates , Economy

"There’s no tellin’ where the money went..."

Global debt is now three and a half times our income.

by Editorial Staff
Updated: March 04, 2021

If you mention "global debt" to most people, you'll see their eyes glaze over. Yet, it's a subject that deserves your urgent attention. Why?

Because going back as far back as the data goes, every major financial depression throughout history was preceded by a build-up of debt.

To put this more into everyday terms... Suppose you go to a bank and apply for a loan to buy a car or a house. The bank manager looks at your credit report and sees that your existing debt is 3 times your annual income... you think you're getting that loan?

Well, says our Head of Global Research, "Global debt is now three and a half times our income."

Free, read Murray Gunn's thoughts on what this implies.

Unlock Now with a Free Account

Already have an account? Login Here

Create a free account and join Club EWI. We’ve helped over ½ million traders and investors learn to use Elliott waves. You get:

  • Full access to Elliott Wave Principle — Key to Market Behavior
  • Exclusive articles and interviews with our analysts
  • Invitations to access our premium analysis