BRICS vs G7: Debt Race to the Bottom | David Woo скачать в хорошем качестве

BRICS vs G7: Debt Race to the Bottom | David Woo

The casualty of the growing global north and global south divide is globalization. The BRICS expansion and the NATO expansion suggest the polarization of the world is accelerating. Sanctions, trade war, industrial policy, onshoring and friend shoring will lead to higher inflation, higher interest rates, and higher frequency of recession. Higher interest rates in the new global economic equilibrium mean highly indebted countries will have to devote more resources to service their debt as opposed to investing in their future. Which countries are in the worst debt positions and which in the best? Japan, China, France and Canada are the most vulnerable while Saudi Arabia, Mexico , and Russia, with very low debt ratio, are in the strongest position (assuming Russia wins the war in Ukraine and Mexico manages to prevail over crimes). David Woo. a former IMF economist and a top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew. Subscribe: https://www.youtube.com/c/DavidWooUnb... Useful links: • LinkedIn:   / david-woo-1479a492   • Twitter:   / davidwoounbound   • Wikipedia: https://en.wikipedia.org/wiki/David_Woo . RIWI-Unbound: https://riwi.com/compass-series