Quote:
Originally Posted by Bossman
True, however after the dust settle - the US will still have debt, while the rest of the world "just" need to find new outlets for their products, which will probably be done via increasing home/regional markets.
|
I am pretty sure that Italy and Japan have more debt relative to their GDP than the US. Also if I remember correctly the US debt to GDP ratio is about average for the G7 countries. been a few years since I looked it up.