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  • The Trouble with Recession Averages [View article]
    Debt as a percentage of GDP is an incomplete (and misleading) picture.

    A better measure is net worth, or debt as a percentage of net worth. U.S. net worth, last I looked, was north of $50 trillion. Meaning, for the financially challenged, that U.S. has $50 trillion left over after subtracting debt from assets. More than $150k for each man, woman and child in the U.S. Hardly insolvency.

    Another better measure is debt to annual income.
    Dec 02 15:29 pm |Rating: +1 0
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