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+--- Thread: Triple A credit rating? (/showthread.php?tid=913)
Triple A credit rating? - Timelord - 24 January 2012
If I remember correctly, when a countries deficit reaches 70%, then there is no return and it snowballs from there to bankruptcy. ie the interest on the debt compounds more than the ability to pay and these two factors rapidy move in opposite directions from then on. Of course, if we lose the AAA credit rating first or Europe takes a tumble or we go into recession (joke - the one we r already in if it wasn't for the the Big brother ministry of facts & figures) then we could be on a one way ticket even sooner!
http://www.guardian.co.uk/business/2012/jan/24/britain-national-debt-tops-one-trillion
RE: Triple A credit rating? - Skean Dhude - 24 January 2012
Japans been at 300% for a while. It isn't quite as simple as that.
RE: Triple A credit rating? - Scythe13 - 25 January 2012
(24 January 2012, 21:37)Skean Dhude Wrote: Japans been at 300% for a while. It isn't quite as simple as that.
Very true.
Japan has 'technically' been in a depression since the early 90's. WEIRD hu?