Discover and read the best of Twitter Threads about #globalfinancialcrisis

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1/ A decade after the #globalfinancialcrisis, what’s changed? And what hasn’t? We recently surveyed the state of the global financial system: Take a quick tour with us in this #thread.
2/ After the #GreatRecession, many expected a wave of deleveraging. But it never came. The combined global debt of governments, nonfinancial corporations, and households is up by $72 trillion since the end of 2007.
3/ Consistent with history, a debt crisis that began in the private sector shifted to governments in the aftermath. From 2008 to mid-2017, global govt debt more than doubled. A line chart shows public debt rapidly increasing during 2008-2016. A bar chart shows debt-to-GDP ratio of private debt rising from 144 in 2000 to 164 in 2007 to 164 in 2017.
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