Economist.com: The World Debt Clock

[doom&gloom]

http://www.economist.com/content/global_debt_clock

if you believe www.usdebtclock.org, then the US is the world winner with 1/3 of total world debt.

[don]

Re: Economist.com: The World Debt Clock

an Olympian Event . . .

[doom&gloom]

Re: Economist.com: The World Debt Clock

and we are winning the 'Race to the Bottom'.

[dcarrigg]

Re: Economist.com: The World Debt Clock

http://www.economist.com/content/global_debt_clock

if you believe www.usdebtclock.org, then the US is the world winner with 1/3 of total world debt.

US is about 1/4 of the world economy. 1/3 of the debt would not surprise me.

[Polish_Silver]

Re: Economist.com: The World Debt Clock

How do they come up with the Debt figures ? US debt is way over 100% by some measures.

Also alarming is the rapid growth of the debt. I find it hard to think that "bigger deficits" are the way out.

[doom&gloom]

Re: Economist.com: The World Debt Clock

How do they come up with the Debt figures ? US debt is way over 100% by some measures.

Also alarming is the rapid growth of the debt. I find it hard to think that "bigger deficits" are the way out.

I am not sure how they make them work, but there are some countries out there that are just totally hosed when you look at thier external debt/GDP, particularly those locked into the Euro.

http://www.usdebtclock.org/world-debt-clock.html

[DRumsfeld2000]

Re: Economist.com: The World Debt Clock

These are old figures (1/4). It is now about 20% and continually declining whilst it's debt is continually growing. That is why it is very questionable to have the Dollar as the world's reserve currency.

http://en.wikipedia.org/wiki/List_of..._GDP_%28PPP%29

[c1ue]

Re: Economist.com: The World Debt Clock

I've noted before that the problem the US faces because it has so much debt as a percentage of the world GDP, is that there really aren't any more places to sell its debt to.

If you're Greece, you can get bailed out. If you're Spain, Portugal, even Italy, you can get bailed out.

We're TBTF... but without anyone to stop the F.