That Was The Week

That Was The Week

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That Was The Week
That Was The Week
Economic Crisis, Financial Crisis, Debt Crisis? Is USA Inc finished?
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Economic Crisis, Financial Crisis, Debt Crisis? Is USA Inc finished?

Keith Teare's avatar
Keith Teare
May 03, 2016
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That Was The Week
That Was The Week
Economic Crisis, Financial Crisis, Debt Crisis? Is USA Inc finished?
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You know the old saying — Bulls make money, Bears make money and Pigs get slaughtered.

Well, take a look at this graph from the World Bank:

It seems like Iceland is Pig number 1. Look at who is number 2!

The chart is measuring domestic credit as a % of GDP, or the extent to which the nation as a whole is leveraged. These are 2005 numbers and significantly …

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