Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

Powered by Squarespace

 

 

Search The Daily Bail Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

SPONSORED BY  

 

Hank Paulson Is A Criminal - Pass It On

Bernanke's Failures Caught On Tape

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - The 11 States Most Likely to Go Bust

SLIDESHOW - 7 Really Big Holes - Don't Miss #7

SLIDESHOW - Molotov Cocktails In Greece

SLIDESHOW - The Sights, Sounds & Women of Texas

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Egyptian Revolution - Graphic PICS

SLIDESHOW - U.K. Student Riots

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« 60 Minutes EXTRA: State Budget Ponzi Schemes In New York & New Jersey - Web Exclusive Video | Main | The VERY Tiny Benefit of QE2 for Mortgage Holders »
Tuesday
Dec212010

CHART - Sovereign Debt Madness - $10.2 Trillion in Global Borrowing Expected In 2011

(WSJ) - $10.2 trillion is the amount of money advanced-nation governments will need to borrow in 2011. As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s hard to know how much is too much. But it’s easy to see that the risk of serious financial trouble is growing.

Next year, fifteen major developed-country governments, including the U.S., Japan, the U.K., Spain and Greece, will have to raise some $10.2 trillion to repay maturing bonds and finance their budget deficits, according to estimates from the International Monetary Fund. That’s up 7% from this year, and equals 27% of their combined annual economic output.

Aside from Japan, which has a huge debt hangover from decades of anemic growth, the U.S. is the most extreme case. Next year, the U.S. government will have to find $4.2 trillion. That’s 27.8% of its annual economic output, up from 26.5% this year. By comparison, crisis-addled Greece needs $69 billion, or 23.8% of its annual GDP.

So far, with the notable exception of Greece, major advanced nations haven’t had too much trouble raising the money they need. Japan’s domestic investors have consistently bought its government bonds despite their low yield. Foreign investors have been snapping up U.S. Treasury bonds, which remain the world’s premier safe-haven investment.

Continue reading...

WSJ

---

Now watch the greatest global debt satire of all time...

Video:  Clarke & Dawe on the INSANITY of European debt guarantees

Watch this one for a laugh...

---

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (7)

If you accept China's method of calculating "real" GDP, 4.2 trillion is 84% of real productive U.S. output.
Source: Dagong US Credit Downgrade: Surveillance Report.
http://letthemfail.us/archives/6501

--Wil
Nov 9, 2010 at 2:36 PM | Unregistered CommenterWil Martindale
great post wil..i hadn't seen that report from China...
Nov 10, 2010 at 10:18 AM | Registered CommenterDailyBail
wow..those numbers are just staggering...so our real gdp is just about $5 trillion once you back out the financial hocus-pocus...
Nov 10, 2010 at 10:20 AM | Registered CommenterDailyBail
$92 billion: How much companies spent on their own shares in the third quarter of 2010.

http://blogs.wsj.com/economics/2010/12/18/number-of-the-week-using-cash-piles-to-buy-shares/
Dec 21, 2010 at 2:38 AM | Registered CommenterDailyBail
Dec 21, 2010 at 2:42 AM | Registered CommenterDailyBail
Heathrow Nightmare before Christmas (20-Dec-2010)

http://www.youtube.com/watch?v=0xKJsTfZi8E

runs 15 seconds...
Dec 21, 2010 at 2:45 AM | Registered CommenterDailyBail

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.