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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: westpacific who wrote (87073)	9/29/2007 9:46:44 AM
From: KyrosL	Read Replies (2) of 110194

Here is a list en.wikipedia.org According to this Canada's ratio as of 2006 was slightly more than the US. Could be that this number also includes province debt as well as federal. I know the US debt is federal only. So the list may not be consistent. Anyway, among western countries, the one with the best debt to GDP ratio is Australia, at 14%. And they don't even have as much energy as Canada. But they obviously are doing a great job managing their finances. I believe their ratio also includes their state debts as well as federal, since the last I read they have paid off all of their federal debt years ago. Additionally, their social security is based on a real investment fund that contains equity investments from around the world. They are way ahead of America in this. Some other countries on the list are also interesting. Russia has almost paid off all its debt with its oil profits. Less than ten years ago they defaulted on their debt, while we were on our way to surpluses as far as the eye can see. How the world changes ...

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