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The chart below shows nonfinancial corporate interest costs as a fraction of total debt and loan obligations. Not surprisingly, the cost of debt service closely tracks corporate bond yields over time. With one exception. As interest rates hit record lows during the pandemic, corporations launched a...
If household debt is the key problem, interest rates should be reduced and debt should be restructured or refinanced. The bulk of the evidence suggests that a low share of household income and an unequal distribution of that income are the key constraints on household consumption. China’s ...
energy consumption is expected to increase by as much as 20 percent in the next 20 years — and half of that energy will come from oil and gas. That matters for the cost of filling