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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%4:00 PM EST
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To: John Vosilla who wrote (100716)5/22/2013 6:09:45 PM
From: bart132 Recommendations  Read Replies (3) of 217537
 
The main point for me with Carmen Reinhart and Kenneth Rogoff’s seminal work on debt-to-GDP levels having been partly incorrect is that it makes more government spending a lot easier to defend.

And the real debt to GDP issues still remain. Here's the ratios after the error corrections - Reinhart & Rogoff's basic point about slower GDP growth as debt grows remains true.


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