Does the corporate debt mountain pose an avalanche risk?
At the end of last year the US Federal Reserve estimated that private US companies held nearly $15 trillion (13 trillion euros) in debt. In Europe, non-financial companies hold some 12 trillion euros ($13.8 trillion), according to Pierre Verle, head of credit at asset manager Carmignac.
"In absolute terms, the debt of non-financial companies accounts for around 70 percent of gross domestic product in the United States and in the eurozone it is above 100 percent: these are elevated levels, but not explosive," said Isabelle Mateos y Lago, managing director and chief multi-asset strategist at BlackRock Investment Institute.
She said such levels "don't say much about the capacity of firms to repay their debts."...
The debt in the this country will be part of it's downfall...
The greatest country today is also the greatest in debt. So much so, that there is simply no way to pay it back. That is the purpose of Keynesian economics (which is the model we follow officially). Make the debt so high, so quick, that there is no way to pay it back. "Live for the now!" was Keynes way of doing economics.
And so, when we reach the point of complete disaster, and the people are desperate for a fix, Communism will come along. They will proclaim "peace and safety!". All the people have to do is work for free, and the government will provide all your needs.
You will have full tummy's, your media addictions will be provided, and all you have to do in exchange, is follow what the Communist say...
Some day that will be👎🇨🇳⚰ï¸
1
There are a total of 1 user comments displayed | add new comment |
COMMENTS | 
