FAST FIVE: Rickards: The Makings Of A Global Debt Crisis Are Now In Place
Today, it's about $40 trillion.
Growth is also slowing in the US The 2009-2018 recovery has already been the weakest recovery in US history despite a few good quarters here and there.
GDP expanded 3.5% last quarter, which looks good on paper.
There's no reason to believe these problems will stay confined to China.
The global phenomenon is neatly illustrated in the chart below.