Asia pays the price as rich nations borrow like emerging markets
Global debt has passed US$365 trillion, and the cost of carrying it is now rising faster than any government can control. For investors with money anywhere in the world, few risks matter more over at least the next two years. Asia funds a large share of Western borrowing through its central bank reserves and its […] The post Asia pays the price as rich nations borrow like emerging markets…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.
