The Trader 

Creditors on alert

The Trader

With global debt levels at record highs, both on nominal and relative measures, one wonders which is the next shoe to drop.  This week’s focus has been on emerging markets, especially Turkey and basket case Venezuela; anyone might be next.  Creditors work with a system like that of a ship’s radar, constantly sweeping for other vessels and obstacles in the way, measuring distance and likelihood of collision; incessant searching.

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