As developed international locations proceed to rack up deficits, the large query looming over markets is, who will purchase the rising pile of sovereign debt?
Hossein Zaimi, world head of macro at Barclays, doesn’t have the reply, however he’s fairly positive the prevailing view in monetary and authorities circles is mistaken.
“The sustainability of the debt in developed markets is an issue that should get solved in some way. No person is aware of how, however it must get solved,” says Zaimi, who oversees the charges
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