Tuesday, November 29, 2011

US Economic State

A lot has been said, by me and others, concerning the state of the Euro-zone, and how it is struggling to continue.

But the state of the US debt, is something to worry about as well. The chart (click for enlarged view) shows US Government Debt as a percentage of GDP. (Hat tip to The Department of Numbers.) As of Q2, 2011 it was more than 95% of GDP.

1 comment:

Zendo Deb said...

In case you think the problems of Europe can't come here.... The Fed can be the largest purchaser of US government bonds for only so long before people notice it is a house of cards.