On Australia & The Global Mountain Of Debt

The Reserve Bank of Australia is tightening monetary policy to corral stubbornly high inflation and limit imported second-round inflationary effects from the Middle East war. Australia serves as a bellwether for the global economy, argues William, so its challenges presage the same for other economies. … Aggravating Australian inflation stickiness is hot services inflation rates and years of productivity declines. … Also: Mountainous government debt globally hasn’t alarmed global financial markets much, yet. Will it when money is no longer cheap? William looks at the risks of such high debt, particularly for emerging market economies, and the potential responses of governments.