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The Big Picture

The Debt Threat

Until recently, synchronized global growth made it easy to lose sight of rising public and private debt. But as interest-rate differentials have widened in recent months, and dollars have headed back to the US, the iceberg is becoming hard to miss.

A migrant worker on her tricycle at the demolition site of the Jiuxing furniture market Johannes Eiselle/Getty Images
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Demise of austerity Dan Kitwood/Getty Images

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