Debt Bubble surpasses 300% of Global GDP

Debt Bubble surpasses 300% of Global GDP:

Both developed and developing nations collaborated to achieve a new record of debt, but developed nations are the biggest offenders with 142 billion euros while developing nations added almost 51 billion euros.

The debt of households, companies, banks, and governments worldwide added up to a total of 193 billion euros at the end of 2017.

The figure represents a new record after increasing by 13.7 billion euros in the first nine months of last year, according to data compiled by the International Finance Institute (IIF).

The increase in global debt in absolute figures, in relation to world GDP reached 318% of global GDP, three percentage points below the historical maximum of 321% registered a year before.

Read moreDebt Bubble surpasses 300% of Global GDP

Ukraine spirals into chaos Poroshenko is a billionaire while Ukraine’s per capita GDP drops 75% & there is no coal

Coming to a country near you (very) soon…

Continue to prepare for (total) collapse.

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Loonie Tumbles After Canadian Economy Unexpectedly Crashes Back Into Contraction – Aussie Dollar Tanks After China Admits Growth Will Miss 6.5% Target

Loonie Tumbles After Canadian Economy Unexpectedly Crashes Back Into Contraction:

After 4 straight months of MoM growth in GDP, the Canadian economy plunged 0.3% in October  (considerably worse than the 0.0% expectations) despite a resurgenece in crude prices. The Loonie is tumbling, back at 5-week lows, as manufacturing shrank a shocking 2.0% YoY – most since 2013.

Aussie Dollar Tanks After China Admits Growth Will Miss 6.5% Target

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Services PMI Tumbles To 6-Month Lows: “GDP Growth Is Failing To Accelerate In Q3”

Services PMI Tumbles To 6-Month Lows: “GDP Growth Is Failing To Accelerate In Q3”:

Following Manufacturing PMI’s drop from a two-month bounce, Services PMI also tumbled. Against expectations of a rise from 51.4 to 51.8, Services dropped to 50.9 – lowest since Feb 2016. With the lowest jobs data in 20 months, new orders at their weakest since May, as Markit warns, “GDP growth is failing to accelerate in the third quarter from the weak 1.2% pace seen in the second quarter.”

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German GDP Growth Slows Dramatically In Second Quarter

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German GDP Growth Slows Dramatically In Second Quarter:

(AFP) – Germany’s economy, Europe’s largest, grew by 0.4 percent in the second quarter, federal statistics office Destatis said in data released on Wednesday.

Gross domestic product (GDP) increased by 0.4 percent between April and June, adjusted for seasonal, calendar and price effects — slower than the unexpectedly strong 0.7 percent expansion in the first quarter.

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Only In China: Companies Become Banks To ‘Solve’ Financial Difficulties

Only In China: Companies Become Banks To ‘Solve’ Financial Difficulties:

China is desperate to solve several problems it has due to its debt to GDP ratio being north of 300 percent. It may have found a pretty unconventional one by letting companies become banks…

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