Quote:
Originally Posted by Cowperson
Total French debt - government, corporate and personal - is about 350% of GDP while total American debt - government, corporate and personal - is about 275% of GDP and actually falling.
In no way does it make any sense for France to have a AAA rating and America gets snuffed.
S&P is blowing themselves out of the water, particularly since their American rating change caused big money to run out and buy USA Treasuries in panic.
Cowperson
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I thanked your quote cause it was good information, bt I did have one question. Is personal (or corporate too I guess) debt usually used in those calculations and conclusions? I thought it was just government debt.