“The debt is too much”

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Central banks, particularly the European Central Bank (pictured), are said to be prepared to allow prices to rise, but fear it will cause too much damage. © Keystone
Central banks, particularly the European Central Bank (pictured), are said to be prepared to allow prices to rise, but fear it will cause too much damage. © Keystone

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07.10.2021

Scottish economist Russell Napier is concerned about a rise in private and public borrowing

yves jennier

Macroeconomics » Subsidy programs offered by governments during the pandemic crisis increased public debt. But is it the main risk for the business? Russell Napier, a Scottish author and investor who is widely followed by many financial circles, believes that the problem lies less in public debt than in the increasing indebtedness of companies and individuals. Interviewed during a recent trip to Switzerland.

A year ago, you wrote that inflation in the United States would reach 4%. We are there today. how did you do

Russell Napier: Pandemic made first in history: Banks increased their loans during recessions when they normally

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