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Global Debt

Closing Developing Countries' Capital Drain

Joseph E. Stiglitz | Posted 02.19.2017 | Home
Joseph E. Stiglitz

Developing countries are bracing for a major slowdown this year. According to a UN report, their growth averaged only 3.8 percent in 2015 -- the lowest rate since the global financial crisis in 2009 and matched in this century only by the recessionary year of 2001. And what is important to bear in mind is that the slowdown in China and the deep recessions in the Russian Federation and Brazil only explain part of the broad falloff in growth.

Leading Indicator?

Charles Kolb | Posted 12.28.2016 | Politics
Charles Kolb

In 1979, as a law clerk to a Federal district court judge in Baltimore, I earned a whopping annual salary of $17,500. For a newly minted law-school graduate, the compensation was well below the starting salary at major law firms, but I was nonetheless able to live reasonably well and, memorably, launched a wine collection that year by purchasing a bottle of 1973 Chateau Petrus.

The Coming Emerging Market Debt Squeeze

Andrés Velasco | Posted 06.02.2015 | Home
Andrés Velasco

SANTIAGO -- The bulk of that debt is in Asia, with China alone accounting for approximately $1 trillion. Other big dollar borrowers include Brazil (over $300 billion) and India ($125 billion). Countries such as Malaysia, South Africa, and Turkey, plus Latin America's more financially open economies, also have rising foreign currency debts.

Rising Government Debt and the Next Global Recession

Daniel Wagner | Posted 04.11.2015 | Business
Daniel Wagner

The recently released report from the McKinsey Global Institute on global debt is an important, and sobering, look at how little the world appears to have learned from the Global Recession, and just how dangerous levels of sovereign and consumer debt have become in the interim.

Inflation Is Here to Stay

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The WEF wants to increase global debt by $100 trillion, the U.S. refuses to acknowledge that we can't afford to pay our $112 trillion in unfunded liabilities and our publicly traded debt is set to more than double in the next decade.

Pete Peterson's Crusade to Cure the Global Debt Bubble

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

Blackstone founder and former Lehman Brothers chairman, Peter G. Peterson is calling on president Obama to organize a bipartisan effort to deal with the nation's debt and bloated federal budget.

Summers, Geither: Our Agenda For The G-20 | TIMOTHY GEITHNER and LAWRENCE SUMMERS | Posted 05.25.2011 | Business

This week, President Obama will travel to Toronto for the G-20 Summit. Engagement with the G-20 has been a key component of the administration's strat...