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Monday 17 October 2011
Global Public Debt Clock
Right click on the pic and "open in new tab" and have a play with it, the default year in the new tab is 2010 click on 2011 down the bottom to get $43trillion....
I'm often amazed at some people's inability to understand that private debt can easily become public debt, if Govt policy makers are that way inclined (which I am sure they are).
I wish there was a version with private debt.
ReplyDeleteAustralia wouldn't look quite so good then.
I'm often amazed at some people's inability to understand that private debt can easily become public debt, if Govt policy makers are that way inclined (which I am sure they are).
Indeed. The $600B+ in nett private debt WILL be passed on if the banks need recapitalisation following a housing crash.
ReplyDelete