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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: glenn_a who wrote (9440)7/17/2004 6:50:11 PM
From: marginmike  Read Replies (1) of 116555
 
I remember the statistics of Great Brittain and Germany from memory, so I wont insist. However US govt debt as % ofGDP isnt even as high as it was in the 80's. I am not talking about all debt, that is a differnt debate. As of now Our % of debt to GDP isnt even as high as Europe. Though the acceleration is freightening, it is not at a ridiculous level by most historical measures. I believe the issue is more relevent in consumer debt exploding then in the federal debt. America is in far superior financial condition to Great Britain after WWI.
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