1min snip

GZERO World with Ian Bremmer cover image

Fix the global debt crisis before it's too late, warns World Bank's David Malpass

GZERO World with Ian Bremmer

NOTE

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

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode