A Very Scary Chart

[CommanderJameson]

Be Terrified?

[kambites]

[grumbledoak]

Fat Gordon's true legacy. 3rd from bottom.

[esselte]

When can we expect the aid from Ethiopia to start flooding in...?

[Jaguar steve]

I like the sentence at the bottom that asks if this information was helpful.....

[kambites]

To be fair, it wouldn't look quite so bad if you converted it to Debt/GDP.

[Spokey]

Gordon Brown will be along shortly to tell you that you're talking down the economy, Labour are fully committed to solving this problem that started in the United States and we are better placed to weather the storm than anyone else.

PS I'm sure in the not too distant past, you could have drawn a similar graph with the US on same end and Japan where China is today.

[svm]

grumbledoak said:

3rd from bottom.

Cheers for that, I got bored scrolling down and gave up at 150.

[marvelharvey]

Oh, we're no.2 here Not bad for a country with 20% of the USA's population.

[robinhood21]

Nice to see that the scammers are raking it in - No 20 Nigeria.

[_James]

Why is the chart (the first one) scary?

[esselte]

_James said:

Why is the chart (the first one) scary?

Is that how you run your house...? Empty current account and everything on borrowed money?..Not a dig just a question...

[dazren]

Hmmmm. Spain are more screwed than we are. They need to pull out of the euro, have a devalued currency and boost tourism......

[FourWheelDrift]

esselte said:

When can we expect the aid from Ethiopia to start flooding in...?

No but I hear Brown's going to be asking Mugabe for a loan.

[evenflow]

May not be quite so bad if you looked at it per head?

[_James]

esselte said:

_James said:

Why is the chart (the first one) scary?

Is that how you run your house...? Empty current account and everything on borrowed money?..Not a dig just a question...

"Current account" in banking terms and international economic terms aren't really comparable. At all.

[jesusbuiltmycar]

FourWheelDrift said:

esselte said:

When can we expect the aid from Ethiopia to start flooding in...?

No but I hear Brown's going to be asking Mugabe for a loan.

I heard he has been taking tips from Mugabe on how to run the economy.....

[FourWheelDrift]

How up to date is it, going on this one - Public debt - http://www.indexmundi.com/g/r.aspx?t=0&v=143&a...

Public debt (% of GDP) we are 49th

[esselte]

FourWheelDrift said:

How up to date is it, going on this one - Public debt - http://www.indexmundi.com/g/r.aspx?t=0&v=143&a...

I wonder if that includes PFIs and public sector pension commitents?

[nig-gtv]

Debt:GDP might be a fairer comparator. I'm fairly sure that Japan's debt:GDP is approx 1:1. Uk is somewhere around 45% but expected to be 57% by 2011/12 (which is about where the USA is now. Dubai recently announced about 150%.


...edited for typos...

Edited by nig-gtv on Thursday 22 January 18:27