Why #Russia downgrade to junk seems unavoidable: Foreign debt was 1/3 of GDP at the end of october, it was 55% of GDP as of yday. (via HFE)
@Schuldensuehner It seems like debt/GDP should be a good predictor of government default, but it's not.
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Why #Russia downgrade to junk seems unavoidable: Foreign debt was 1/3 of GDP at the end of october, it was 55% of GDP as of yday. (via HFE)
@Schuldensuehner It seems like debt/GDP should be a good predictor of government default, but it's not.