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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (100832)5/29/2013 11:33:49 AM
From: Sweet Ol  Read Replies (1) | Respond to of 217516
 
That is the takeaway from Reinhart and Rogoff - as debt approaches 90-100% of GDP then bad stuff starts to happen and GDP begins to decline.

Incidentally, that holds true even when you correct the minor errors in their spreadsheets.

Blessings,

JRH