https://sputnikglobe.com/20180508/digging-a-deeper-unpayable-debts-hole-1064242803.html
Digging a Deeper Unpayable Debts Hole
Digging a Deeper Unpayable Debts Hole
Sputnik International
On today’s episode of Double Down, Max Keiser and Stacy Herbert talk to author, journalist, professor and economist, Steve Keen, about the latest IMF debt... 08.05.2018, Sputnik International
2018-05-08T09:38+0000
2018-05-08T09:38+0000
2022-08-06T12:05+0000
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double down, shows, japan, china, international monetary fund, us
double down, shows, japan, china, international monetary fund, us
Digging a Deeper Unpayable Debts Hole
09:38 GMT 08.05.2018 (Updated: 12:05 GMT 06.08.2022) On today’s episode of Double Down, Max Keiser and Stacy Herbert talk to author, journalist, professor and economist, Steve Keen, about the latest IMF debt warnings.
As debts continue to mount ten years into the so-called recovery, the IMF has warned that these rapidly accumulating debts are a threat to the global economy. China, Japan, and the US are singled out as the most egregious debt accumulators. Double Down talks to Professor Steve Keen for his insights on the significance of these debts. Keen says that China's household debt accumulation is the fastest in history, surpassing even Japan's epic debt pile gathered at rapid speed back in the 80s. Will this household debt in China threaten a global financial crisis? Keen thinks not as China's government has a Belt and Road spending program rivaling in scale that of the New Deal. This may set in motion a Chinese century similar to that America enjoyed this past one. Tune into Double Down to hear more from Steve Keen.
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