
Nouriel Roubini - Megathreats That Imperil the World's Future
How To Academy Podcast
00:00
Is There a Debt Crisis in the UK?
Since the global financial crisis, we've had mostly a period of very low interest rates. The difference today is that we have to raise interest rates because now inflation has become a problem in the UK. As you increase interest rates, what you're paying on your mortgage, on your credit card, on your business loans, on your public debt is rising. So the zombies are going to go bankrupt this time around.
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