Saturday, 8 May 2010

Why the ageing population is driving the debt crisis

The latest report from the Bank of International Settlements puts the global stock market meltdown in perspective.

Look at Table 1 on page 3. US government debt will explode from 62% of GDP in 2007 to an estimated 100% in 2011. Over the same time, Britain's will double from 47% to 94%, Greece's level will go from 104% to 130%, Spain's will rise from 42% to 74% (and unemployment there is 20%), Portugal's will go from 71% to 97% in the next two years and Japan will end 2011 with a debt ratio of 204%.

Growing fears that the Greek fiscal mess is just the tip of a sovereign debt crisis have spooked markets for weeks. more...


Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by 2008

Back to TOP