In a CNBC “Squawk Box” interview of Steven Mnuchin, the next Treasury Secretary, Steve brought up the idea of creating a super-long bond. The debt is so enormous that the only way to deal with it is to extend the payback date when a significant portion of that debt becomes due. Steven Mnuchin told CNBC…
China’s soaring bond debt is nothing new. What is new is how the IMF’s number 2 official urged China to take immediate steps to tackle rising corporate debt or risk “dangerous detours” during the country’s transition to a consumption-oriented economy.
David Lipton, the IMF’s first deputy managing director said, “Corporate debt remains a (Read More….)