Category : Debt crisis
Nearly 40% unsure if they can pay back debt
Jim Rickards : "China has $1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy."
An historic expansion in U.S. borrowing during a period of economic growth, alongside rising bond yields, will cause a surge in the cost of servicing American debt, according to Goldman Sachs Group Inc.
Billionaire Carl Icahn told CNBC on Tuesday there are too many exotic, leveraged products for investors to trade, and one day these securities are going to blow up the market.
Concern is growing that 2018 could be the year that sub-Saharan Africa sees a new debt crisis, nearly 20 years since the last one was said to have been resolved.
There is no means of avoiding the final collapse of a boom brought about by credit expansion
In 2017, the world debt of countries increased again, reaching hitherto unrealized peaks.
Surrounded by the American and international financial sanctions, Venezuela is seeking by all means to get out of the financial crisis that is hitting. Cryptocurrency is his new solution.
The US student loan burden is out of control, while the economy has failed to back it up with sustainable wage growth or market-competitive job creation. Meanwhile, patronage and other practices hinder the process of securing a career path further hindering the ability of young workers to service student debt.