Thursday, December 01, 2011

Total Global Debt to GDP

The following chart is presented without any further comment because none is needed.  Except for the following statement by Kyle Bass: "Total Debt-to-GDP only breached 200% when nations were spending on war. Today we are at 310%."  As I have stated many times on this blog, this whole debt situation is not going to end well.  In other words, you can not grow total debt at 11% when GDP is growing at 2%. 

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