Global Debt Bubble Understated By $13 Trillion Warn BIS

[Arthur]

Global Debt Bubble Understated By $13 Trillion Warn BIS

Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday.

Bank for International Settlements researchers said it was hard to assess the risk this “missing” debt poses, but that the main worry was a liquidity crunch like the one that seized FX swap and forwards markets during the financial crisis.

 

[Gtx Gaming]

Nothing to worry about, just print more dollars!

 

[Sl8er]

Nothing to worry about, just punch more imaginary numbers into a computer!

FTFY

 

[Adrianax]

Good. Get ready for Gold, Silver and Bitcoin.

 

[HavocXphere]

Fear mongering. Counting FX derivs towards global debt is pretty stupid.

because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS

US accounting practices. The other 94% of the world's population uses IFRS