Three out of every four transactions in world financial markets are now debt refinancing transactions; capital markets no longer function primarily as investment financing mechanisms but as debt refinancing mechanisms
factualpending
Speaker
Dr. Michael HowellEvidence Quote
“three out or four transactions is in some way a debt refinancing transaction”
Source
Global Debt Binge May Force QE + Inflation: Dr. Michael Howell— Mark Mitchell - Mortgage Broker London OntarioCreated: 8/11/2026, 7:48:18 AM
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