While the Debt Keeps Heading North: 103%

by Mike

DebyVsGDP
Yessireee Bob, the debt to GDP ratio is now sitting at 103%, aided and abetted by that downward revision of GDP – Thanks, Obamanomics!
Add in the fact that we are creating 4 Trillion of new debt each year (3 Trillion rolled over and 1 Trillion net new), which is 25% of GDP(!), those warning signals I wrote of are flashing even more urgently.
Red-alert

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