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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST
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To: marek_wojna who wrote (56250)10/11/2009 1:01:07 PM
From: Haim R. Branisteanu  Read Replies (2) of 217545
 
On a per capita basis Germany is not far away from the US in borrowing they need the coming year something in the range of 480 Billions and they are about 82 million people v. US with 307 million

Germany debt is around 74% to 75% of GDP and 2010 budget deficit would be around 3.7% of GDP well above the EU 3% limit meaning every one in the EU will cheat. Italy is already at around 5% deficit to GDP etc.,then you have Spain Portugal Ireland Greece not to mention the CEE partners all deep in the red
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