Lagarde's Drift Posted January 28 Share Posted January 28 2 hours ago, Tony_Teacake said: You are correct on this one. I am glad someone else on here gets this. You mean that line graphs that go up Don't continue going up forever? No way! Quote Link to comment Share on other sites More sharing options...
regprentice Posted January 29 Share Posted January 29 (edited) 8 hours ago, Lagarde's Drift said: You mean that line graphs that go up Don't continue going up forever? No way! Apparently economists think the theoretical maximum for US debt before a default is 2x gdp, which would be $46tn today. Some countries (ie Japan) could potentially support more debt relative to GDP but the US couldn't because of its high levels of household debt link So Trump wants to borrow to fund growth, but it looks like Biden might paint Trump in to a corner over the next year, and by the time he gets back in he might have the chance to go for the biggest bankruptcy he has ever had in his life - The USA. A sustained recession could cause GDP to drop perilously close to that figure at some point in the next 2/3 years if things continue at this pace. Edited January 29 by regprentice Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.