@vgr Wouldn't that just be a factor of the sum of available credit plus cash reserves minus tariffs, embargos, and sanctions?
Can you compute leverage of entire societies? For instance to compare risk of a developed society to a developing one? (both oil-based say)
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@vgr A nation's available credit is a market-based aggregate of all the granular details of a nation's leverage, including perceived risk. -
@gryphonshafer And what ratio would you use to measure leverage? Debt:GDP? - Show replies
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@vgr How narrowly are you defining leverage? Financial leverage? Because I'd argue to should include the assets/liabilities more broadly. -
@davidmanheim I don't know. Just speculating loosely. - Show replies
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