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RIO DE JANEIRO, BRAZIL - The international debt steeple continues to grow - with no end in sight for the time being. As data from the Institute of International Finance (IIF) show, global debt increased to a total of US$250.9 trillion in the first half of 2019.

This is a record figure and represents 320 percent of the world's gross domestic product (GDP). By the same time last year, it had been US$243.6 trillion. The ever-increasing debt threatens to hamper economic growth. This could also have negative consequences for investors.

Currently, however, investors do not seem . . .

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