$80 trillion world economy in one chart

[fordewind]

this type of post doesn't help your street credit... Putin? any head of state doesn't get to his position by being an idiot.

the idiots are the ones brain washed by the 'russian collusion' MSNBC pushed for 2 years.... 1.99% GDP is not even relevant in the big stage anymore.... yet the story is only pushed because it was convenient for HRC.... if people look at this chart and come up with a story, 'China collusion' should make more sense.

Fook collusion!This idiot just fooked everything up.He`s the US marionette and now Chinese.He does what he`s being told.He`s freaking shlimazl not a strong leader.

 

[Ldeyana]

This is a very remarkable chart. The United States has about quarter of the world's wealth and there are still million of homeless people. It is sad to see all these countries give more importance to weapons than making the people's life better. Am I right people?

 

[Cuddles]

China was killing it. Would've been nice to look at the same charts over the years

 

[Sig]

$80 trillion dollar world economy means absolutely nothing with a world awashed in $250 trillion worth of debt!!!!!!

Next crisis is soon to come.....


Global debt hits a new record at $247 trillion

• Global debt has hit another high, climbing to $247 trillion in the first quarter of 2018, according to a report published Wednesday. Of that figure, the non-financial sector accounted for $186 trillion.
• The debt-to-GDP ratio has exceeded 318 percent, marking its first quarterly rise in two years.

For about 10 years my wife and I had an average total salary of about $100,000 and a mortgage of $500,000. We lived very comfortably and were never close to be "awash" in debt, even though the ratio of our earnings to debt was 1:5 vice the 1:3 ratio you cite. Obviously micro vs macro, but the general idea still holds that debt isn't an automatic bad. What is an acceptable ratio of debt to GDP for the world to you, and what do you base that number on?

 

[ironchef]

For about 10 years my wife and I had an average total salary of about $100,000 and a mortgage of $500,000. We lived very comfortably and were never close to be "awash" in debt, even though the ratio of our earnings to debt was 1:5 vice the 1:3 ratio you cite. Obviously micro vs macro, but the general idea still holds that debt isn't an automatic bad. What is an acceptable ratio of debt to GDP for the world to you, and what do you base that number on?

Thank you. There is still room for us in the US to borrow and spend more.