“It’s An Alice In Wonderland World” – GRI Warns “Debt Is Being Piled Upon Debt Being Piled Upon Debt”

from Zero Hedge

The combination of low interest rates and “an explosion of debt” has become the biggest risk to the world’s economies, according to the head of Canada’s Global Risk Institute.

“These low interest rates could have the potential to be the next serious issue faced by countries and it’s because debt is exploding everywhere,” Richard Nesbitt, 60, chief executive officer of the group that researches risks to the financial industry, said Monday in an interview in Bloomberg’s Toronto bureau.

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