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Ken Griffin, founder of US hedge fund Citadel, said the country’s ballooning debt pile was a “growing concern that cannot be overlooked.”
“We must stop borrowing at the expense of future generations. The Western world urgently needs a significant increase in productivity growth as the burden of rising govt debt and entitlement spending strains almost every major economy,” Griffin wrote in an annual letter to Citadel’s investors.
Global debt surged to a record high of $313 trillion last year, according to the Institute for International Finance – US govt debt currently stands at around $34.5 trillion.
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Till the last Ukrainian?
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#Bidenomics
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Japan has issued a tsunami alert for its southern islands.
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Rise of the Global South
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Rise of the Global South
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