BIS fears emerging market maelstrom as Fed tightens

Global debt levels are dangerously high and central banks cannot keep the game going indefinitely, warns the high priest of orthodoxy


By UK Telegraph—— Bio and Archives--September 13, 2015

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Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the US Federal Reserve, the world's top financial watchdog has warned.
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