Sunday, December 13, 2009

Past the tipping point

.. of a compound debt spiral.
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3 comments:

Arelcao Akleos said...

Obama is intent on us passing that tipping point.

12/13/2009 5:43 PM
Tecumseh said...

Getting there. Once the national debt goes past 100% of GDP, we're in a big doo-doo. Here is a list of countries according to the debt/GDP ratio. Note that this is already obsolete; eg, Greece was at 100.8% (according to the OECD -- the CIA figures look doubtful to me), whereas now it's at 113% (according to Evans-Pritchard), and will be at 125% in a year.

The US was still at a relatively OK level of 73.2% (or 60.8%) a couple of years back. Now it's at around 90%, and will be pushing close to 100% by next year. After that, the estimates get in the "statistica da puta" territory. What's the FCP estimate?

12/13/2009 6:41 PM
Tecumseh said...

BTW, each one of us owes $39,368.97 (and counting) as a share of that debt, which is increasing at the stately pace of $3.84 billion per day.

12/13/2009 6:46 PM

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