How Dangerous Is Emerging Markets Dollar Debt?
Two decades after the Asian crisis, emerging markets have high levels of corporate debt and especially more dollar denominated debt. This makes them quite vulnerable to external shocks to earnings, […]
Debt As Far As The Eye Can See | Seeking Alpha
There is an alarming rise of public and private debt ratios in much of the world; this simply cannot continue like this. The situation is greatly complicated by low growth […]
Economics and Politics by Paul Krugman – NYTimes.com
Because US assets are higher-yielding although riskier than US liabilities, we still earn more from our investments than we pay on our liabilities. In the aggregate, America is a bit […]
All that debt, who is going to buy it?
We had this as risk no.2 here. It is simple really. If supply of newly issued Treasuries is bigger than the demand for them, real interest rates will go up. […]