Currently, there is plenty of daunting news that only adding fuel to market fears. However, some pieces of news cannot be ignored. The Institute of International Finance (IIF) has recently reported that the global debt burden reached an all-time high of $255 trillion, topping 322% of gross domestic product (GDP). Maybe someone who has little knowledge of the financial markets will be perplexed how it could be possible that practically all countries across the globe owe a debt. However, this can be easily explained. Global debt is the total debt owed by people, companies, financial organizations, and governments of all countries. Therefore, under the modern free-market model, all countries are somehow included in the list of debtors. Some experts think that the world’s debt pile has skyrocketed due to the policies of the world's largest central banks. They loan a huge sum of money at low rates that somehow lessens their vigilance. Initially, the policy of low rates should have made loans more accessible to ordinary citizens, stimulated business activity and economic growth. Nevertheless, so far, it has only led to excessive lending in a number of countries, primarily in the United States, Japan, and the eurozone. The Institute of International Finance (IIF) said that in light of the rate cuts and dovish policies of the world's central banks, many firms continued their credit expansion. In 2019, corporations increased their loan portfolio by $2.8 trillion, whereas global GDP growth slowed. Hence, the companies did not lack financing, but they were attracted by record low-interest rates, the Institute of International Finance (IIF) pointed out.