Debt is a function and a fixture of any working economy. Governments borrow to fund spending on things like roads, hospitals, and schools, as well as to fund promises like tax cuts. Debt-to-GDP ratios around the world have increased in recent years as governments take advantage of historically low interest rates to pile up cheap […]

European markets were up at market open on Friday morning, following the news that Greece yesterday reached a deal with international creditors, ending a period of uncertainty over whether it would default on its €7 billion debt. The UK’s benchmark share index the FTSE 100 was up 0.36% at 7,446 points as of 08:32 a.m. BST (03:32 EST), […]

European markets were up at market open on Friday morning, following the news that Greece yesterday reached a deal with international creditors, ending a period of uncertainty over whether it would default on its €7 billion debt. The UK’s benchmark share index the FTSE 100 was up 0.36% at 7,446 points as of 08:32 a.m. BST (03:32 EST), […]

REUTERS/Andrew Burton Occupy Wall Street demonstrators protest against the rising national student debt in New York City. US consumer debt is approaching a record 20% of GDP, and millennials owe most of it. Millennials — 21 to 34-year-olds — hold an estimated $ 1.1 trillion of the country’s $ 3.6 trillion in consumer debt, according […]

CNBC It’s nearly the 10th anniversary of Jim Cramer’s epic “they know nothing!” rant about bank illiquidity on CNBC, so we’re looking at what’s changed since then. It’s not good. US corporate debt may be so high that it’s a threat to global stability, according to the IMF. The UK has high unsecured consumer debt […]

US sovereign debt is one of the safest assets in finance. At least, it has been historically. When US President-Elect Donald Trump takes office next week, he’ll usher in a sharp shift in political tone as he succeeds Barack Obama. Trump last year suggested in his election campaign that the US could negotiate with creditors and […]

REUTERS/Kim Kyung-Hoon The problem with camouflaging bad loans by mixing them in with good ones is that no one will want to buy any of them — thus creating the illiquidity you’re trying to avoid. China’s banks are disguising bad debts by turning them into “securitized packages” rather than writing them down as non-performing loans, according to […]