Strong Dollar Is a $10T Headache for Debtors

Strong Dollar Is a $10T Headache for Debtors

The prospect of a stronger greenback is now a $10 trillion headache for the global economy. Borrowers who have loaded up on cheap dollar debt since the financial crisis could get into serious difficulty – especially if they don’t have enough U.S. currency revenue to repay creditors. The threat to financial stability is high.

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