Commentary
Global debt is expected to reach a record $277 trillion by the end of 2020, according to the Institute of International Finance.
A security guard directs a man outside of the Davos Congress Centre ahead of the opening of the World Economic Forum (WEF) 2018 annual meeting, in Davos, Switzerland, on Jan. 22, 2018. Fabrice Coffrini/AFP via Getty Images
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Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
