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All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.
Original Article: "Will Global Rate Hikes Set Off a Global Debt Bomb?"
This Audio Mises Wire is generously sponsored by Christopher Condon.
Daniel Lacalle, PhD, economist and fund manager, is the 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 (2014).
He is a professor of global economy at IE Business School in Madrid.