The world is on the cusp of a debt-driven economic downturn, warns Noel Quinn, CEO of HSBC. With post-Covid borrowing reaching alarming levels, major economies face imminent risks. Simultaneously, Wall Street bigwigs highlight potential geopolitical instabilities that might further destabilize the global economy. With the IMF and World Bank emphasizing the rapid increase in global debt levels, and signs of inflation biting hard in economies like Europe, what does this spell for the future of our global financial system?
31 sats \ 1 reply \ @SpaceHodler 26 Oct 2023
There is nothing like waking up to a piece of good news!
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0 sats \ 0 replies \ @TomK OP 26 Oct 2023
I know You wanted that!
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21 sats \ 1 reply \ @orthwyrm 26 Oct 2023
$34T by Christmas?
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50 sats \ 0 replies \ @TomK OP 26 Oct 2023
Easy
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0 sats \ 3 replies \ @03365d6a53 26 Oct 2023
nice post
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0 sats \ 2 replies \ @TomK OP 26 Oct 2023
Thanks. But it's sad
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0 sats \ 1 reply \ @03365d6a53 26 Oct 2023
it's optimistic. The situation is being called out
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0 sats \ 0 replies \ @TomK OP 26 Oct 2023
True
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