US government’s debt-to-GDP ratio rose to 100.5 per cent in 2nd Qrt 2019

[scooterscot]

Wail readers were burning themselves with hysteria when Greece hit those levels. Not so much as a fart in the air on this news. Even the basket case economy that is Brazil is managing 81%.

Ah well, nothing to see here. Alles ist gut.

According to the Institute of International Finance, over the past decade, global debt has ballooned by more than US$70 trillion, most of which has been driven by governments and corporations.For developed countries, the rise of overall debt has been driven by higher government borrowing. The US government’s debt-to-GDP ratio rose to 100.5 per cent in the second quarter of 2019, which put it on a par with the level in the Eurozone. Japan had the highest government debt-to-GDP ratio of nearly 280 per cent.
Debt from emerging markets topped US$71.4 trillion in the first half of the year, reaching a record high of 220 per cent of GDP. Debt from Chile, South Korea and Argentina rose the fastest among all emerging economies, while corporate debt was the biggest driver of the debt load for emerging economies, with around half coming from state-owned enterprises.

China, US push global debt towards record US$255 trillion as trade war continues to impact global economy | South China Morning Post

[minestrone]

Not to worry, they have thousands of tech start up CEOs crossing the southern border every day.

[BrilloPad]

Last time looked Greece did not have the world reserve currency.

[BR14]

[scooterscot]

Last time looked Greece did not have the world reserve currency.

At the minute the US are trying their best to make sure they don't have one either.

[scooterscot]

Excellent. This is exactly the behaviour of the masses that facilitate mass wealth transfer during a recession.

You think you'll not be affected by what's happening in the US? Think again.

[BrilloPad]

At the minute the US are trying their best to make sure they don't have one either.

I thought at one point EUR would take over.

Anyway, the next most likely candidate is the London House price market.....

[scooterscot]

Still unknown what the the cause this time round will be. One of the major banks going under seems increasingly likely. Deutsche or HSBC.

Reckon a collapse on the stock market comes before a collapse in the housing market.

[BR14]

Excellent. This is exactly the behaviour of the masses that facilitate mass wealth transfer during a recession.

You think you'll not be affected by what's happening in the US? Think again.

and what are YOU going to do about it?
post sh1t on an internet forum with lots of squiggly lines?

moronic numpty.

[minestrone]

Wail readers were burning themselves with hysteria when Greece hit those levels. Not so much as a fart in the air on this news. Even the basket case economy that is Brazil is managing 81%.

The reason it is not news as it has been above 100% since 2012 when Obama (PBUH) was president.