Current decade sees Government's borrowing exceed Great Depression

Financial leverage has climbed to unprecedented highs in recent years with Government borrowing exce...

Financial leverage has climbed to unprecedented highs in recent years with Government borrowing exceeding Great Depression levels this decade. Household and corporate debt have also been rising steadily since the mid-1900s, according to Polar Discovery manager Paul Lambert. The macro hedge fund head, who previously worked at the Bank of England, said the current situation may actually prove worse than the 1930 crisis, which was actually very US-centric despite its global implication. Against this background, Lambert believes the monetary responses on central banks have been absolutely...