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Lenders may demand higher yields as public debt rises.
And the real burden of debt rises everywhere.
The real burden of debt rises when prices are falling.
But there has been a redistribution, with private debt falling while public debt rises.
Real government debt rises by an average of 86% in countries afflicted by severe crises.
But what happens in later years, when the cost of this debt rises?
As the underlying collateral declines in value and incomes shrink, the real burden of debt rises.
Similar(4)
Financial debt rose to £7tn.
The yield on their debt rose sharply.
But why was household debt rising?
Public debt rose to unsustainable levels.
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CEO of Professional Science Editing for Scientists @ prosciediting.com