Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Zero Hour Debt Update 0 comments
On Zerohedge, I saw an update on the GDP to Debt growth ratio. This reminded me to update the Zero Hour Debt chart. So I added a few data points I got from these two sites:
GDP: http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
Total Public Debt: http://www.treasurydirect.gov/NP/BPDLogin?application=np
Chart 1: Zero Hour Debt
Conclusion: we are still on the way to cross the zero hour debt line in 2014.
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