This final note today, just ’cause we haven’t been spending enough time on the debt debacle.
Got this from Tyler Cowen’s blog, Marginal Revolution, today. Talking about the Triple A credit rating American debt has. We’ve got a lot of it. The U.S. Department of Treasury issues 59 percent of all — as in worldwide — all the triple A sovereign debt that’s out there. Nobody else is even close. Germany’s next at 10 percent; France at 9; the U.K. at 8 percent.
One conclusion, then? If that triple A goes away, it’s a big fat global economy problem.
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
