Global yields lowest in 500 years of recorded history. $10 trillion of negative rate bonds. This is a supernova that will explode one dayTweet from ‘bond king’ Bill Gross in 2016
Global debt – of households, private firms and governments – reached a staggering $305tn (£254tn) in 2021, up from $83tn in 2000.
Furthermore, global debt now equals 355% of global GDP, up from 120% in 1980 and 230% in 2000.
In 2021, debtors of all types handed $10.2tn – 12% of global GDP – in interest payments to their creditors. In comparison, the annual income of the poorest 50% of humanity is just 8.5% of GDP.
