"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...
...do 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.
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