- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Global debt now $307T, debt to GDP 336%
Posted on 9/20/23 at 5:56 am
Posted on 9/20/23 at 5:56 am
LINK
It isn’t just a US problem…
quote:
The stock of global debt rose $10 trillion in the first half of 2023, bringing it to a new record high of $307 trillion, according to a report by the Institute of International Finance released Tuesday.
The high interest rate environment seen across most economies has sent the figure soaring, making the current debt pile $100 trillion more than it was a decade ago.
The global debt-to-GDP ratio now sits at around 336%, which is up from 334% in the fourth quarter of 2022, the report said. The ratio had experienced seven consecutive quarters of decline, before resuming its upward trajectory in the first half of 2023.
It isn’t just a US problem…
5
Posted on 9/20/23 at 9:57 am to slackster
China on track to pass us up in the 2030's, but neither country looks good compared to rest of World.
Visual Capitalist Animated Debt Chart
Visual Capitalist Animated Debt Chart
Posted on 9/20/23 at 10:02 am to slackster
How is this accurately analyzed? I don't believe this.
This post was edited on 9/20/23 at 10:03 am
Posted on 9/20/23 at 10:19 am to slackster
So if everyone is in debt, then does money and debt truly even matter
Posted on 9/20/23 at 11:41 am to HailToTheChiz
quote:
So if everyone is in debt, then does money and debt truly even matter
I used to think that the U.S. National Debt was a major problem. But once it got in the $30 trillion range, I was like LOL. That's not even real.
It's like if I was in debt $1 million, I would freak out. If I was in debt $100 million, I wouldn't give a shite.
Posted on 9/20/23 at 4:24 pm to TigerHornII
quote:
China on track to pass us up in the 2030's
In what? This has been said of China for the last 3 decades.
Posted on 9/20/23 at 8:30 pm to Bjorn Cyborg
quote:
I used to think that the U.S. National Debt was a major problem. But once it got in the $30 trillion range, I was like LOL. That's not even real. It's like if I was in debt $1 million, I would freak out. If I was in debt $100 million, I wouldn't give a shite.
It will have to be wiped at some point or the debt service will bring down the whole game.
Just a question of when, how and who gets screwed when it happens.
Posted on 9/21/23 at 7:16 pm to Cdawg
quote:
In what? This has been said of China for the last 3 decades.
In debt … it was discussed in the link in post.
Posted on 9/21/23 at 7:43 pm to Bjorn Cyborg
quote:
It's like if I was in debt $1 million, I would freak out. If I was in debt $100 million, I wouldn't give a shite.
That reminds me of the old saying.
If I owe you $1m that’s my problem….if I owe you $100m that’s your problem!
Posted on 9/21/23 at 10:38 pm to tide06
quote:
It will have to be wiped at some point or the debt service will bring down the whole game.
I don’t think so. As long as the USD is king and US debt has buyers, the debt and debt service is just a number. I don’t see either of thise variables changing anytime soon but maybe I’m wrong, who the frick knows.
Posted on 9/22/23 at 7:50 am to Sir Saint
China is screwed, they buy their debt off, and this will be a reckoning on them soon. You can only do this for so long, till u realize ur screwed, and there isn't a life line.
Posted on 9/23/23 at 7:06 am to slackster
Yes. But at least we get to eat roaches.
New World Order
New World Order
Posted on 9/23/23 at 10:30 am to slackster
Does it take into account peoples savings, etc.? If I’m earning 5% on t-bills and HYSA, why not carry that 3% mortgage instead of paying it off?
And does this take into account inflation’s impact on the value of money?
And does this take into account inflation’s impact on the value of money?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News