Global debt hit a record $233 trillion in third quarter of 2017
There's good news and bad news in this analysis from the Institute of International Finance. The good news is that, thanks to growth in the global economy, the ratio of debt to gross domestic product fell for a fourth consecutive quarter in the third quarter of 2017....Notes You Need for January 5: INTC, Net Neutrality, Amazon Alexa, VUZI, global debt, ISM services index, factory orders, App store, HAIN, rig count
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A typical post resembles this from today: “11:40 a.m.: Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher than at the end of 2016, according to the Institute of International Finance. Private non-financial sector debt hit all-time highs in Canada, France, Hong Kong, South Korea, Switzerland and Turkey. Thanks to global economic growth, though, the ratio of debt-to-gross domestic product fell for the fourth consecutive quarter. The ratio is now around 318%, 3 percentage points below a high set in the third quarter of 2016.”