The debt levels around the globe are unprecedented in peacetime, as we have written about previously on this blog. The odds of restructurings national and regional debts or defaults are higher than most people believe. When does debt become unsustainable?
The video below made by Ciovacco Capital Management, an an independent money management firm . The video shows that debt levels of numerous countries have reached “problem” levels. Since the bill coming due in the form of maturing bonds is so large, policymakers in Europe have no easy way out. “Solutions” may include printing money to create inflation or debt restructurings/defaults; or a combination of the two.