Global Debt Reaches Highest Levels Since Napoleonic Wars as Oil Shock Causes Economic Damage

Global debt levels have reached their highest point since the Napoleonic Wars, according to economic analysis, with an oil shock already causing irreparable economic damage. The analysis suggests that the United States is facing its most severe economic defeat since the Vietnam War, with potentially worse consequences still to come. The combination of record debt levels and energy market disruption has created significant economic vulnerabilities across major economies.