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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (260574)	7/13/2010 10:33:51 PM
From: tejek	Read Replies (1) \| Respond to of 306849

US is more like 95% if you count the state indebtedness.....which of course you should since it's all rolled up for Greece. And that doesn't include all the Enronesque "off-balance sheet" liabilities. Where did you see that number? I just did a quick update and the worst I've seen is 84% for 2009: zerohedge.com Is 95% an estimate for 2010? In any case, both numbers are considerably less than the number for Greece. Besides, there is no comparison between economies of Greece and the US. Greece doesn't have much industry nor assets. Productivity is much less than the US. And their money is tied to the EU so they have no flexibility. Having said that, a 84% or 95% ratio of debt to GDP is not a good thing for any country including the US. When the economy is on more solid footing, we need to get that percentage back down to 60%.