Bank For International Settlements Warns Of Looming Debt Bubble

``Global debt-to-GDP is now at a comfortable record high and the Bank for International Settlements, aka the central bank of central banks, noted on Friday that over the last 16 years, debts of governments, households and corporations has gone up...everywhere.... "The next financial crisis is likely to revolve around how this debt burden is managed," warns Neil MacKinnon, an economist with VTB Capital in London.''