The Debt-Reduction Playbook: Can Today’s Governments Learn From The Past? Authored by Joe Sullivan-Bissett via BondVigiliantes.com, Government debt levels continue to linger in uncomfortable territory across developed markets, with fiscal deficits stubbornly high despite reasonably resilient growth and employment – especially when compared to past norms. This is not a post-crisis or post-war moment, yet debt levels resemble those of an economy fighting its way out of recession. Runaway levels of debt, and the question of how they can be contained, could well be the defining macro story of the next decade. This not only has implications for public finances, but also… — Continue at ZeroHedge News : Read More
