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
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?
