BRICS vs G7: Debt Race to the Bottom | David Woo
The casualty of the growing global north and global south divide is globalization. The BRICS expansion and the NATO expansion suggest the polarization of the world is accelerating. Sanctions, trade war, industrial policy, onshoring and friend shoring will lead to higher inflation, higher interest rates, and higher frequency of recession. Higher interest rates in the new global economic equilibrium mean highly indebted countries will have to devote more resources to service their debt as opposed to investing in their future. Which countries are in the worst debt positions and which in the best? Japan, China, France and Canada are the most vulnerable while Saudi Arabia, Mexico , and Russia, with very low debt ratio, are in the strongest position (assuming Russia wins the war in Ukraine and Mexico manages to prevail over crimes). David Woo. a former IMF economist and a top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.
Subscribe: https://www.youtube.com/c/DavidWooUnbound?sub_confirmation=1
Useful links:
• LinkedIn: https://www.linkedin.com/in/david-woo-1479a492/
• Twitter: https://twitter.com/Davidwoounbound
• Wikipedia: https://en.wikipedia.org/wiki/David_Woo
. RIWI-Unbound: https://riwi.com/compass-series
-
16:08
RealitySurvival
1 day agoTop 12 Things Preppers Should Teach Their Children!
19.6K1 -
13:21
World Nomac
14 hours agoExtreme Bungee Jump in AlUla Saudi Arabia 🇸🇦
24.2K3 -
2:47:57
Fresh and Fit
10 hours agoMost Embarrassing Rejections Women Have Faced... w/ SNEAKO
121K163 -
3:30:25
Akademiks
10 hours agoHappy. Birthday Kendrick Lamar. Kodak Black robbed Stevewilldoit? Sosa Returns to CHIRAQ. Carti OTW?
81.2K31 -
1:22:53
Steve-O's Wild Ride! Podcast
4 days ago $0.28 earnedDoes Gene Simmons Regret Humping Thousands Of Chicks? - Wild Ride #219
36.4K40 -
33:55
Athlete & Artist Show
3 days agoS4E6: OILERS ARE DONZO, Boychuk Re-Signs In Berlin
45.1K3 -
1:59:38
Kim Iversen
13 hours agoIs The US Gearing Up For WW3? Possible Ebola 2014 Lab Leak Cover-Up Linked To Possible Covid Lab Leak Cover Up
101K227 -
32:18
Candace Owens
11 hours agoSo...Is Brigitte Macron A Man? | Candace Ep 6
49.1K135 -
43:47
Man in America
13 hours agoALERT: Putin's Plan BACKFIRES as WW3 Economic War Intensifies w/ Dr. Kirk Elliott
65.4K14 -
20:41
Exploring With Nug
1 day ago $0.43 earned2 Missing Teenagers Found 20 Years Later In The Town River!
44K23