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March 6, 2010 Graph of the Day for March 6, 2010
"[President Obama said] ‘that if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession.' What? Huh? ...A better model, I'd argue, is Japan in the 1990s, which ran persistent large budget deficits, but also had a persistently depressed economy - and saw long-term interest rates fall almost steadily. There's a good chance that officials are being terrorized by a phantom menace - a threat that exists only in their minds." Paul Krugman.
 Source: International Monetary Fund. Hoven's Index for March 6, 2010 Government (all levels) debt as percentage of GDP in 2010 for various countries: Japan: 228.6% Iceland: 131.2% Greece: 129.5% Average of advanced economies: 98.3% US: 91.8% France: 84.9% Ireland: 74.5% Switzerland: 43.6% Australia: 20.6% Hong Kong: 0.6% Source: International Monetary Fund. Graph of the Day Archive. |
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