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RWIU - The World Is Drowning In Debt

By Daniel Lacalle

According to the International Monetary Fund ((IMF)), global fiscal support in response to the crisis will be more than $9 trillion, approximately 12 percent of world GDP. This premature, clearly rushed, probably excessive, and often misguided chain of so-called stimulus plans will distort public finances in a way which we have not seen since World War II. The enormous increase in public spending and the fall in output will lead to a global government debt figure close to 105 percent of GDP.

If we add government and private debt, we are talking

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Stock Information

Company Name: Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
Stock Symbol: RWIU
Market: NYSE

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