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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: glenn_a who wrote (9440)	7/17/2004 6:50:11 PM
From: marginmike	Read Replies (1) \| Respond to 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.