It used to be that a headline like the one attached to the story below would have seemed incongruous. Now, we just shake our heads and realize it’s a sign of the times and the current state of affairs. (Click on the story for the full version.)
Given the state of global finances, perhaps we shouldn’t find this surprising. Here is a look at debt-to-GDP levels for advanced and developing countries, the constituents of which are defined by FTSE. The developed countries are represented by the blue bars, while the emerging countries are shown in green. Averages are shown in the respective colors.