The world’s debt has reached a record high of $9 trillion in the first three quarters of 2019, but despite economists’ warnings to countries to take advantage of the current strong economy and pay their debt down, they’re doing just the opposite, Axios reports.
Thanks to the ever-growing debt, global growth has suffered. According Charles Schwab chief investment strategist Liz Ann Sonders, the result may be “a subtle crisis over time.”
When it came to accumulating debt, the US led the way last year and it’s current “debt binge” shows no signs of slowing down.
“Thanks to low interest rates and loose central bank policy, IIF estimates that total global debt will exceed $257 trillion in the first quarter of 2020,” writes Axios’s Dion Rabouin.
The worst may be yet to come as America finally wakes up to Trump’s incompetence and cruelty
Since Election Day 2016, America has been in a state of mourning.
Donald Trump's Independence Day speeches offered more of the almost never-ending funeral ceremonies for America's democracy, dignity and decency. Instead of trumpet-like exhortations to American greatness and goodness on the country's birthday, Trump chose to deliver horribly off-key funeral dirges.
‘I hear from psychiatrists weekly’ who warn about the president’s ‘mental incapacity’: Trump biographer
Trump biographer Michael D'Antonio told CNN on Friday that he's been in regular contact with professional psychiatrists who believe President Donald Trump lacks the mental capabilities to handle his job.
During a panel discussion about the president's mental health, D'Antonio spilled the beans about what some experts are telling him they see in the president's behavior and speech patterns.
"I hear from psychiatrists on a weekly basis about a different measure of the president, and that's whether he suffers from mental incapacity," D'Antonio explained. "That's a very different category and goes to whether he can perform his job."
Trump’s superpower is distraction — but we finally found his kryptonite
Donald Trump is dumb — so dumb he literally suggested on live television that scientists should explore injecting household cleaners into people's lungs to cure the coronavirus. But due to what appears to be a serious and undiagnosed personality disorder — his niece Mary Trump, who is a clinical psychologist, suggests it's likely narcissism or sociopathy — Trump managed to stumble backwards into a strategy that works well with the 24-hour cable news ecosystem of national politics. Actually, "strategy" may be too strong a word, but it's inarguable that Trump's short attention span, impulsive nature and all-consuming corruption have meant a constant deluge of scandals and outrages, with each one knocking the last one out of the headlines.