Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Suma who wrote (148548)	10/21/2004 5:29:07 PM
From: Michael Watkins	Read Replies (3) \| Respond to of 281500

US debt is now approximately 75% of current annual GDP, yet other western democracies are not suffering with this burden and, surprise, neither are those other, backward, superpowers. Selected stats - Total Public Debt / GDP ratios: 33% Ireland (2003) 54% Brazil (2004) 27% Russia (2003) 13% China (2003) Sources: Key Economic Indicators - Deutsche Bank Research; Ireland Govt. Statistics.; US Bureau of Economic Analysis, etc. Foreign Affairs link: much of the debt is held by foreign investors and countries. One can imagine a certain level of discomfort rising among these holders. When investors all try to head for the exits at the same time - and it happens - very nasty things happen to price.