Sky High Global Debt Worries prof. Bezemer

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Guest: prof. dr. Dirk Bezemer
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[@devalapar7878]

I worry foremost about household and corporate debt.

[@bobofthestorm]

Consumer debt is insane even in my country. I imagine it's the same everywhere and that is definitely not a good sign.

[@bikilone]

Thing I don't get is why debt is compared to gdp, for me there is more sense to compare debt with net wealth, and anual debt repayment with gdp. If individual takes a loan for bying house, no one will compare my annual salary with the size of a loan, right?
Global wealth is around 1530 trillions, gdp is around 85, so it seems as long as annual debt repayment doesnt become to large, we have more room to take on more debt.
What do you think?

[@MoneyMacroTalks]

I think service costs matter. So, then sky high debt to income mostly becomes a problem if interest rates rise..... as they are doing right now.

[@bikilone]

@@MoneyMacroTalks Do you know what is the value of annual global debt repayment as percentage of gdp?