Commentary
According to the International Monetary Fund (IMF) and the Institute of International Finance (IIF), global debt has soared to a new record high.
The Federal Reserve building is seen in Washington, DC, on Jan. 22, 2008. Chip Somodevilla/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.”
