Is there a good primer on interpreting the debt-to-gdp ratio of nations? "Bad" countries (Japan, Greece) seem to top 150.
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if Dems are in power, >50% is dangerous. If GOP, then 150% is no problem... because dynamic scoring!!
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A good chunk of Japanese debt is owned by the central bank; the fancy term for this is "monetary financing" of deficit.
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I assume this is what maps to QE basically, so would also apply to the US?
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And it gives you ample room renegotiate this part of your debt (or adjourn its reimbursement sine die) in case the govt goes bust.
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"bad" is a moral term. I get what you mean, but doesn't apply here--unsustainable better.
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Since the central bank is part of the government, that's the left hand lending to the right hand.




