
Fix the global debt crisis before it's too late, warns World Bank's David Malpass
GZERO World with Ian Bremmer
Avoid Reckless Financial Gambles
Concentrating assets and chasing yields can lead to significant risks, particularly when it causes a mismatch in asset duration. Utilizing overnight deposits for long-term bonds represents a poor strategic move in financial management. Statements suggesting that defaulting on national debt carries no consequences reveal a misunderstanding of economic implications, especially given the intricate and active nature of futures markets tied to US debt. Delaying payments can destabilize these markets, making default highly inadvisable.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.