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re: Jobs Numbers
Posted on 6/2/23 at 11:15 am to Big Scrub TX
Posted on 6/2/23 at 11:15 am to Big Scrub TX
quote:
What? Japan has long ago blasted through the threshold you have laid out as terminal. Why haven't they defaulted yet?
I don't live in Japan, I don't follow what they're doing much beyond how much of our debt they own and knowing they have debt problems of their own.
1
Posted on 6/2/23 at 12:53 pm to Bard
quote:What they're doing is running a MASSIVE debt that makes the US look like child's play. It's like 225%+ of their GDP and debt service (despite the preposterously low interest rates there) is ~25% of outlays.
I don't live in Japan, I don't follow what they're doing much beyond how much of our debt they own and knowing they have debt problems of their own.
By your casual prescriptions, they should have defaulted long ago. Yet, to me, I'd be surprised if they defaulted in the next 100 years.
It's going to be a long, painful road for you if your are making investment bets predicated on the US defaulting.
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