Storm Warning - Brian Kelly

The largest debt super-cycle in modern history is ending and it threatens economic growth and financial markets. The 2008 Great Financial Crisis was an opportunity for the world to deleverage, but in the last 7 years global debt to GDP has climbed by over $57 trillion. The current global debt/GDP ratio is at an historic high of 286%. The global economic slowdown is the proximate cause for the end of the supercycle. My concern is that a negative feedback loop has begun where falling global incomes make the servicing and/or refinancing the debt more difficult.