by Michael Casey Dec 9/09
"Moody's Investors Service says there's $49.5 trillion of sovereign debt outstanding -- and
this week, ratings firms, and some jumpy bond traders, have shone a glaring light on it.
"But none of this is new. A month ago, the International Monetary Fund projected that the
average debt-to-gross domestic product ratio of the 10 advanced country members of the
Group of 20 developing and developed nations would mushroom to 118% by 2014."
http://online.wsj.com/article/SB10001424052748704240504574586312453815896.html
is, will there be a debt crisis ?
"Moody's Investors Service says there's $49.5 trillion of sovereign debt outstanding -- and
this week, ratings firms, and some jumpy bond traders, have shone a glaring light on it.
"But none of this is new. A month ago, the International Monetary Fund projected that the
average debt-to-gross domestic product ratio of the 10 advanced country members of the
Group of 20 developing and developed nations would mushroom to 118% by 2014."
http://online.wsj.com/article/SB10001424052748704240504574586312453815896.html
is, will there be a debt crisis ?