The Economist: world debt map
RedTiger
Posts: 5,608 ✭
The Economist magazine has a map and a table ranking countries as to sustainability of debt (link).
On the map, the U. K. and Japan are in red. In the table, Spain is in the worst position, followed by Britain and Japan. The U. S. is rank 7th worst behind Greece and Ireland in terms of sustainability of debt.
Those worried about U. S. deficits and debt levels, might watch how events unfold in Britain and Japan to see hints of the American future. The overall debt levels are higher in those countries, with Japan having already lost its AAA rating for sovereign debt.
On the map, the U. K. and Japan are in red. In the table, Spain is in the worst position, followed by Britain and Japan. The U. S. is rank 7th worst behind Greece and Ireland in terms of sustainability of debt.
Those worried about U. S. deficits and debt levels, might watch how events unfold in Britain and Japan to see hints of the American future. The overall debt levels are higher in those countries, with Japan having already lost its AAA rating for sovereign debt.
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Food surpluses, transportation systems, Navigable water ways and educated work force ,finds ourselves
in the financial state we are now in. With the gap between the super wealthy and the poor expanding
to unheard of levels and the once proud middle class being shredded by the loss of their jobs, their homes
their sense of dignity and their retirement dreams.So many of us are still dreaming of the past, while the
nightmare of our future ,is already upon us.At my age, I am saddened at the Nation I will leave behind to my
sons and their families. I pray that they will have the wisdom and the fortitude, to endure and rebuild.
Camelot
Groucho Marx
Three men stand at the edge of a cliff. The first jumps off and goes "splat". The second says "OUCH" and then proceeds to jump off the cliff. Will the third jump as well?
Knowledge is the enemy of fear
The US can still increase taxes, slap import duties, etc...these would probably bring down our quality of life in some ways but these options at least exist.
Europe already has very high taxes, obsene social programs and a massive amount of young, resentful and unemployed Muslim population.
Japan is slowly becoming irrelevant ...very closed society and also an aging one.
Russia is a one trick pony ...oil ...plus they are just not having kids ...
Brazil has some future ...but then again the same has been said for the last 50 years ...they might just be "future" forever
The middle east ...hmm...yeah
China and India are still a generation away but worth watching.
Canada, Australia , Switzerland...great countries but thats about it .
So basically the US wins by default ...believe or not everyone that matters is worse off than we are.
Groucho Marx
<< <i>It is both shocking and depressing ,that our Nation, with our wealth of natural resources
Food surpluses, transportation systems, Navigable water ways and educated work force ,finds ourselves
in the financial state we are now in. With the gap between the super wealthy and the poor expanding
to unheard of levels and the once proud middle class being shredded by the loss of their jobs, their homes
their sense of dignity and their retirement dreams.So many of us are still dreaming of the past, while the
nightmare of our future ,is already upon us.At my age, I am saddened at the Nation I will leave behind to my
sons and their families. I pray that they will have the wisdom and the fortitude, to endure and rebuild. >>
Dearest bear,
Current admin wants this scenario......very sad, but true!!!!