Richest nations face $17tn government debt burden from coronavirus

IMG Auteur
 
Published : May 27th, 2020
122 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Financial Times/Chris Giles and Robin Harding/5-24-2020

“Rich countries are set to take on at least $17tn of extra public debt as they battle the economic consequences of the pandemic, according to the OECD, as sharp drops in tax revenues are expected to dwarf the stimulus measures put in place to battle the disease.”

USAGOLD note:  No problem.  If push comes to shove, there’s always the printing press.  As we have pointed out often here, though few on Wall Street (or Main Street for that matter) would quarrel with the decisions the central banks have made in recent months, a good many are preparing for the potential consequences – whether those policies succeed or fail.  That is where gold might come in handy.

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.