Larry Livingstone

U.S. Dealing with a Boatload of Debt - Moody's

The biggest issues with u.s. debt are twofold...1. The debt owed to foreigners as a % of GDP is the highest by far that it has ever been (currently around 20% of GDP) and the highest of the tripple A countries (for example in Japan it is only around 4%) 2. The duration of the debt is the shortest its ever been declining from 5.27 years average duration in 1997 to 4.13 years duration this year...Japan is at around 7 years and climbing...more and more debt at shorter and shorter maturity is the textbook case of bankrupt company...