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Strategies & Market Trends : Waiting for the big Kahuna
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To: bearshark who wrote (9185)11/5/1997 6:30:00 PM
From: IQBAL LATIF  Read Replies (3) of 94695
 
US national debt qualifies the strictest available standard set by Bundesbank and Germans for EEU- i.e. the Masthricht convergence criterion- according to this criterion a country whose national debt is 60% of its GDP - fiscal defecit is less then 3% of its rev and long bond yield is with 1.5% of its best performing member qualifies to be a part of very conservative EU- do you know that only country which qualifies fully is US- unfortunately it cannot become a memeber of Union because that is exactly what Europeans want to emulate.
An individual I agree cannot contemplate US $ 1 trillion but a GDP of 9 trillion declared and with addition of undeclared 3 trillion can accumulate this debt- let US retires it debt and world will be grasped in a unique liquidity crisis.
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