Global debt has increased by $57 trillion

Reading Time:

That is quite a take-away from the panel that included:

  • Susan Lund, McKinsey Global Institute
  • Karen Dynan, assistant secretary for economic policy at the US Treasury
  • Nicholas R. Lardy, Senior Fellow at PIIE
  • Michael Marrese, head of economic research at JP Morgan Chase

The video from the event is on-line:


And the main slide to remember (though it could be nightmare-inducing) is this:


Source: Lund's presentation

Lardy's presentation is available here.

Greek Tragedy: Where are we in 2015?

After the elections in Greece in early 2015, Paolo Mauro and I felt that the situation on Greece was often covered in the news without sufficient...

Faces of Chicago

Some only know this side of Chicago The face of the city that students know What captures the typical commute? For me, this does: A photo...