Opening Statement from the February 2021 Intelligent Investor (part 1)

Opening Statement from the February 2021 Intelligent Investor (part 1)

Originally published on February 3, 2021 (pre-market release)

Putting Global Debt into Proper Context

Fiscal stimulus totaling $14 trillion related to the coronavirus pandemic has swelled global public debt to an estimated 98% of GDP in 2020. While this is certainly concerning, keep in mind that as GDP growth recovers, this measure of debt will decline.

Furthermore, this high level of debt does not...