Currently viewing Global edition

"Paying down this debt will not be easy"

Some numbers, such as the odds on president Trump hosting next year’s White House Correspondents’ Dinner in Washington at his place, seem too big to fathom. Equally unsettling to investors such as Frank Holmes is the US$217 trillion global debt level the Institute of International Finance (IIF) says we reached in the first quarter of this year.

"Paying down this debt will not be easy" "Paying down this debt will not be easy" "Paying down this debt will not be easy" "Paying down this debt will not be easy" "Paying down this debt will not be easy"

The Texas-based US Global Investors boss says in his latest market commentary the “astronomical” IIF number equals 327% of world gross domestic product.

topics

loader