MND - Newswire
12/05/2019 10:32
. Economists and investors have their eye on debt. Have a balance on your credit. card? Or a mortgage, or car loan? You're not alone. Federal, corporate and. household debt worldwide stands at an unprecedented , nearly. three times the volume of economic output. (To keep things in perspective,. if you paid $1 million a year to reduce that, it would take 250 million years,. not including accrued interest.) Does anyone care? Some economists say. borrowing should increase and debt is not a problem as long as it remains. sustainable, while others say the effectiveness of monetary policy will be. curtailed if a crisis occurs. Fortunately in MBS land, US mortgage. delinquencies have fallen to near 25-year lows. Hopefully home buyers don't. want to go throu.