The world is drowning in debt — and the reckoning is coming.
Sovereign debt has become the silent crisis of our age. The United States owes $35 trillion. China's hidden local-government debt may exceed $15 trillion. Europe's south remains shackled to German credit. And dozens of emerging markets are one interest-rate hike away from default.
In The Debt Trap, Nicholas Holt delivers the first truly global account of how nations borrowed their way to prosperity — and why the bill is about to come due. Drawing on central bank data, IMF reports, and on-the-ground reporting from capitals in crisis, Holt reveals the architecture of a financial system built on borrowed time.
Inside, you will discover:
The book explores three possible futures:
For investors, policymakers, and citizens who need to understand the forces that will shape the next decade, The Debt Trap is the essential roadmap.
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Seller: California Books, Miami, FL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # L2-9798198872721
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Seller: CitiRetail, Stevenage, United Kingdom
Paperback. Condition: new. Paperback. The world is drowning in debt - and the reckoning is coming.Sovereign debt has become the silent crisis of our age. The United States owes $35 trillion. China's hidden local-government debt may exceed $15 trillion. Europe's south remains shackled to German credit. And dozens of emerging markets are one interest-rate hike away from default.In The Debt Trap, Nicholas Holt delivers the first truly global account of how nations borrowed their way to prosperity - and why the bill is about to come due. Drawing on central bank data, IMF reports, and on-the-ground reporting from capitals in crisis, Holt reveals the architecture of a financial system built on borrowed time.Inside, you will discover: How the United States transformed from the world's largest creditor to its largest debtor - and why the dollar's dominance makes the trap worseChina's hidden debt bomb: local government financing vehicles, shadow banking, and the property sector's slow-motion collapseDebt-trap diplomacy exposed: when lending becomes a weapon of geopolitical coercionThe IMF's impossible dilemma: bailouts that save economies but destroy governmentsCorporate debt's role in the coming crisis: leveraged buyouts, zombie companies, and the end of easy moneyThe book explores three possible futures: The Orderly Deleveraging: A generation of austerity, inflation, and managed defaultsThe Debt Jubilee: Mass forgiveness that reshapes the global financial orderThe Chaotic Default: A cascade of sovereign failures that triggers a new depressionFor investors, policymakers, and citizens who need to understand the forces that will shape the next decade, The Debt Trap is the essential roadmap. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9798198872721
Quantity: 1 available