Surveillance: Megathreats with Roubini
Bloomberg Surveillance
00:00
Stagflationary Debt Crisis
Private and public debt as a strategy has gone from 200% to 350 globally between 2000 and today. In the U.S., D.P. is now higher than after the Great Depression and after World War II. This time around, instead of so much debt, central banks like the Fed have to increase interest rates to fight inflation. That's why not only we're going to have inflation and stagflation, but we'll have a stagflationary debt crisis.
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