What does it mean that Global Corporate Debt is 98.5% of the Global World Product?

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Is this just a comparison? Or does this have a larger meaning?

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Anonymous 0 Comments

It means that if corporations had to pay all their debts in a year, it would be very hard. It has no “larger meaning” because that’s not the loan contracts say. People often talk about “making someone pay their debts immediately”, but that’s not a thing. If I have a contract to pay you pack over 10 years, you can’t get your money faster than that unless I agree.

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