Category : Debt crisis
Do you feel as if you’re drowning in debt? It’s worse than you think.
Americans are in a borrowing mood, and their total tab for consumer debt could reach a record $4 trillion by the end of 2018.
Huffington Post Italia leaked a government proposal late Tuesday showing that populist parties had drafted plans to ask the European Central Bank for debt forgiveness of €250 billion ($300 billion).
Argentina is to start talks about a financing deal with the International Monetary Fund (IMF) on Wednesday amid reports it is seeking $30bn.
It’s not just countries that are at risk of contagion.
Today, the national debt stands at more than $21 trillion.
Beijing is the largest holder and buyer of the US Treasury securities despite the two countries being engaged in a spiral of mutual trade restrictions.
Total consumer credit rose 5.1% in the first quarter, compared to a year earlier.
Despite misguided economic policies and rising geopolitical tensions, the long market expansion has prevailed. But times may be changing.
The once promising Venezuelan gold industry is in a total mess, despite government efforts.