14 replies to this topic

[Rogerdodger]

US debt looks terrible... unless you compare to the GDP.
We are only #15 @ 95.09% of GDP!
Ireland #1 at 811% of GDP!

However we ARE #1 in the total amount of debt @ $13.627 trillion. (3Q 2008)

The closest to that is:
UK @ $9.388 trillion (Q4 2008)
Germany @ $5.25 trillion (Q4 2008)
France @ $5.001 trillion
Netherlands @ $2.439 trillion (Q4 2008)
Spain @ $2.313 trillion (Q4 2008)
Ireland @ $2.311 trillion (Q4 2008)
Belgium @ $1.618 trillion (Q4 2008)
Switzerland @ $1.304 trillion (Q4 2008)


LINK
15. United States - 95.09%

External debt (as % of GDP): 95.09%
External debt per capita: $44,358

Gross external debt: $13.627 trillion (2008 Q3)
2008 GDP: $14.330 trillion

[humble1]

very cool! i cannot believe i have never seen that before ... great perspective and the only way to look at it. also interesting, after WW2 i think sovereign debt here was pushing 150%. we can spend lots more ... yeeeeee ... haaaaa ....

[zoropb]

US debt looks terrible... unless you compare to the GDP.
We are only #15 @ 95.09% of GDP!
Ireland #1 at 811% of GDP!

However we ARE #1 in the total amount of debt @ $13.627 trillion. (3Q 2008)

The closest to that is:
UK @ $9.388 trillion (Q4 2008)
Germany @ $5.25 trillion (Q4 2008)
France @ $5.001 trillion
Netherlands @ $2.439 trillion (Q4 2008)
Spain @ $2.313 trillion (Q4 2008)
Ireland @ $2.311 trillion (Q4 2008)
Belgium @ $1.618 trillion (Q4 2008)
Switzerland @ $1.304 trillion (Q4 2008)


LINK
15. United States - 95.09%

External debt (as % of GDP): 95.09%
External debt per capita: $44,358

Gross external debt: $13.627 trillion (2008 Q3)
2008 GDP: $14.330 trillion

thanks RD very interesting. I knew UK was in the toilet and probably the worse but not some of the rest like Germany and Swiss did not know they were that bad.

Z

[CHAx]

If I borrow 10,000 from my bank, the bank can make my life difficult. If I borrow 10,000,000 from my bank, I can make life difficult for my bank!

[Rogerdodger]

If I borrow 10,000 from my bank, the bank can make my life difficult.

If I borrow 10,000,000 from my bank, I can make life difficult for my bank!

[humble1]

the market started up right after RODO posted that ... ... "laissez les bons temps roler" YEEEE ... HAAAA ! ™

Edited by humble1, 07 May 2009 - 10:41 AM.

[youmast]

Recently I've seen an article "The best place to live". The top debtors are the best places. Conclusion is quite simple.... you have to borrow as much as you can to make your life HAPPY!

[humble1]

we need to get to the top then ... i want to USA to be #1 in everything AND the best place to live. SPEND!!!! p.s. i hope rick santelli doesn't see this ... he already looks like a gasket is about to blow.

Edited by humble1, 07 May 2009 - 10:50 AM.

[Rogerdodger]

Recently I've seen an article "The best place to live". The top debtors are the best places.
Conclusion is quite simple.... you have to borrow as much as you can to make your life HAPPY!

Just be sure and die before the bill is due!
[img]http://tbn0.google.com/images?q=tbn:U2NA7Ypbtygv_M:http://farm4.static.flickr.com/3006/2692532551_86eed9c578.jpg[/img]

[img]http://www.cartoonstock.com/lowres/gth0290l.jpg[/img]

Edited by Rogerdodger, 07 May 2009 - 10:54 AM.

[humble1]

nah ... we'll grow our way out of it just like every other time. we are in the greatest innovation and productivity wave of all time .. just gettiung going ... didn't you see those USA productivity numbers this morning? the american worker is the most productive on the planet ... savor that and then talk doom and gloom to me. tell'em wollie ... i'm feeling surrounded again ... ggg

Edited by humble1, 07 May 2009 - 10:58 AM.