Debt to GDP Ratios Indicate Governments Going Bankrupt
Nov 5th, 2009 | By Dan Denning | Category: Featured, Macro Economics
Are the Western Welfare States (the U.S., Japan, and EU nations) really going bankrupt? Things were headed that way before the credit crisis began. The Global Financial Crisis may be becoming a sovereign debt crisis and that will worsen an already bad situation.
First, let’s check out the chart below from ...read more
