Is another global credit crisis looming?

Current affairs, not debt, could be the main trigger

S&P Global Ratings published a report last week that made some worrying observations about the state of the world economy.

It is tempting to say the findings of Next Debt Crisis: Will Liquidity Hold? reveal strong parallels to the period preceding the 2008 Global financial crisis. Bank of England warns of junk debt crisis risk However, the sheer scale of global debt at present - as well as brand new risks - suggest the current state of affairs could be more severe. S&P found global debt has surged by around 50% since the last crisis, while global debt-to-GDP ratios have risen to more than 231%, compared with 208% in June 2008. High levels of indebtedness is not restricted to a particular issuer type...