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

To: Amark$p who wrote (101107)	8/20/2009 9:24:55 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

We already addressed sovereign debt, and I'll refresh your memory. U.S. Sovereign debt is quite low, perhaps 65% of GDP. Government debt, all owed in U.S. Dollars, is equal to about 80% of GDP. That's the blue area on the chart. As GDP declines and the government spends, this is likely to rise to 100% of GDP perhaps even 115% of GDP. Remember that also includes the debt of states, counties, and cities. Sovereign U.S. debt is only 60% to 75% of GDP depending on what's counted. This is quite low once consumers and businesses are unburdened of their debt. Japan's sovereign debt is somewhere around 170% to 200% of GDP. Some have estimated it's actually as high as 350% once you take away the subterfuge. en.wikipedia.org