Which country debt is nearly 1000% of its GDP? It’s the UK, as per this excellent chart from Morgan Stanley. A few notes here: • This chart is looking at all kinds of debt, not just sovereign debt. The UK’s staggering debt-to-GDP ratio is largely due to the size of its financial sector. • All […]
Posts Tagged ‘GDP’
Which Country Debt is nearly 1000% of its GDP?
December 9, 2011Global financial warnings from the central bankers’ bank BIS
June 30, 2011The global financial system is deepening and extending. This is the conclusion to emerge from the recently released annual report of the Bank for International Settlements (BIS), sometimes referred to as the central bankers’ bank. One of the biggest dangers comes from the massive assistance provided by central banks to the banks and financial institutions […]
Ways in which America leads the world
March 30, 2011Amongst 20 of the world’s wealthiest countries, America now has: the highest poverty rate, both generally and for children; the greatest inequality of incomes; the smallest amount of government spending (as a percentage of GDP) on social programs for the disadvantaged; the lowest number of paid holidays, annual leave days and […]
50 Facts about the US Economy you may not want to know
December 29, 2010The following are 50 very revealing statistics about the U.S. economy: #50) In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined. #49) It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars […]
US government debt to be rated junk?
September 9, 2010A few weeks ago, Hedgeye, an investment research firm posed the question, “Should U.S. Government Debt Be Rated Junk Status?” since the metrics by which we evaluate the balance sheet of the United States continue to deteriorate. Typically, a bond receives junk status due to its increased risk of default. In general, the owner of […]
The IMF has declared the U.S. bankrupt
August 13, 2010Neither spending more nor taxing less will help the U.S. pay its bills. Last month, the International Monetary Fund released its annual review of U.S. economic policy, and effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected Issues Paper says: “The U.S. fiscal gap associated with today’s federal fiscal policy is huge for plausible discount […]
Military Comparisons between the U.S. and Iran
April 22, 2010One of the more remarkable features about the endless drumbeat of alarm about Iran is that it pays virtually no attention to Iran’s actual capabilities, and rests on all sorts of worst case assumptions about Iranian behavior. Consider the following facts, most of them courtesy of the 2010 edition of The Military Balance, published annually […]
