Global Debt Exceeds $100 Trillion as Governments Binge

“The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates.  The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion, according to the Bank for International Settlements and data compiled by Bloomberg.  Borrowing has soared as central banks suppress benchmark interest rates to spur growth Yields on all types of bonds, from governments to corporates and mortgages, average about 2 percent.”

http://www.bloomberg.com/news/2014-03-10/debt-exceeds-100-trillion-as-governments-binge.html

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