Countries With the Largest External Debts in the World (1970-2021)

[OIO]

US is so lucky, their external debt is in USD



International Bond market I believe for both gov and private sectors. China private sectors may borrow from US and other western banks as well as I think the interest rate there is lower than in China, pretty much save since Yuan is strong, given by large trade surplus China has

Lowering interest rates and then raising interest rates is a complete dollar cycle. Because of debt and the stock market, the United States is afraid to raise interest rates. The US dollar is now a one-way ticket.

 

[Mista]

Looking at external debt itself is meaningless. A country's external debt will increase if foreigners move their funds into the country. That's why financial centers like SG and HK have large gross external debt.

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You have to look at the other side of the balance sheet, external assets, to derive the net international investment position (NIIP) of the country.

Net international investment position - Wikipedia

en.wikipedia.org

 

[Han Patriot]

Lol, what time?

From a young man to an old man, still waiting...

30 years man. Lol. I was a teenager when he published that book.

 

[FuturePAF]

30 years man. Lol. I was a teenager when he published that book.

Even he sounds surprised in recent interviews (in a recent podcast I heard) that he has been discredited for crying wolf all these years.