CNBC: SoftBank posts surprise loss in third quarter, revenue also misses estimates
CNBC reports: SoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds investments fell ...
MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTSR: IN LINEGXO: TRADING UPDATE TIMEMAERSK: ROARING BACKFDX: TAILWINDS
MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTSR: IN LINEGXO: TRADING UPDATE TIMEMAERSK: ROARING BACKFDX: TAILWINDS
CNBC reports:
The world is in debt. To the tune of $315 trillion and counting.
$315 trillion is a staggering number to visualize but consider this. In 2024, global gross domestic product — or GDP — amounted to $109.5 trillion dollars — slightly over a third of that global debt number.
Another way to picture it? There are about 8.1 billion of us living in the world today. If we were to divide that debt up by person, each of us would owe about $39,000.
So, with global debt at a record high, should you be concerned? And how did we get here in the first place?
Global debt combines borrowings from households, businesses and governments.
You’re probably most familiar with household debt, which includes things like mortgages, credit card and student debt. At the beginning of 2024, this amounted to $59.1 trillion…
The full post can be read here.
Now read: “The Impact of Debt” by Howard Marks.
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