15 lines
1.0 KiB
JSON
15 lines
1.0 KiB
JSON
{
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"HubID": "4779",
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"Date": "10/2/2024",
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"HubTags": [
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"External Platform Posts",
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"Future Map Forward Guidance",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "4779__Image_URL.png",
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"Summary": "<p>Global debt is a massive problem. Consider (1) national, state and local government debt, (2) private debt held by companies and citizens, (3) unfunded liabilities like retirement, (4) and there is lots of shadow debt that we can't even track because it's in the private market. </p><p>Here's a few nice charts for China, Japan and the U.S., in terms of private credit to each nation's GDP. Japan and the U.S. are lower and more manageable, in a decent economy, which is what we have now, at least in the U.S. But in a bad economy, any debt is too much debt. </p><p>China is problematic because they are in a deep recession plus there is significant private debt. What happens in the world's second largest economy has ripple effects everywhere, including the U.S. </p>",
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"Notes": ""
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} |