That Was The Week

That Was The Week

Economic Crisis, Financial Crisis, Debt Crisis? Is USA Inc finished?

Keith Teare's avatar
Keith Teare
May 03, 2016
∙ Paid
Share

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 …

Keep reading with a 7-day free trial

Subscribe to That Was The Week to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Keith Teare
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture