Market Pulse: A Hard Time Quitting the Debt Addiction

DEBT has the power to lull people into a false sense of security, and it is addictive. It is not just individuals or corporations; a government can fall prey to it as well, just like how the Indonesian government is falling prey to debt recently. The budget assumption for next year shows how the government would be still heavily dependent to debt. 

The main culprit is the ballooning budget deficit due to the Covid-19 pandemic. For two

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