https://www.reuters.com/article/us-health-coronavirus-debt/many-countries-may-need-debt-restructuring-after-pandemic-fallout-imf-chief-economist-idUSKBN2482R3
It makes sense to restructure the debts in many countries because high debts are unsustainable over the long term.
The USA has about US$80T total debts now with a GDP of US$21T. Therefore, the ratio of debt to GDP is 4:1.
http://sg-stock.blogspot.com/2020/04/the-us-economy-will-be-in-deep-troubles.html
http://sg-stock.blogspot.com/2020/05/the-us-economy-will-be-in-deep-troubles.html
This means that the USA is using US$4 debt to generate a US$1 GDP which is unsustainable in the long run.
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Now you know that the US will never be able to repay all its debts because it can only afford to repay 25% at most.
http://sg-stock.blogspot.com/2019/08/does-us-2-10y-inverted-yield-curve.html
We did warn about the US debt growth in 2019.
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