I was playing around with the Financial Times flash app that shows you the US and Japan have lots of debt. Of course this is a silly comparison.
An extrapolated time series of
- interest payments / gdp
- log (Interest payments / average age of the population)
- percentage of tax revenue paid by foreigners / debt principal
- debt time buckets
- debt as a percentage of consumers debt
- debt / iPhone sales
would be much more interesting and useful.
Most analysis is like sitting on a chair and rating its comfortableness. Feathers and silk can however conceal some nasty underlying supporting material. Debt, as in Japan is almost meaningless. It is like a big Ponzi scheme. More debt is issued so that other debt holders interest can be serviced. Unlike a Madoff type ponzi, the underlying assets can be created (printing money) so it's not such a big deal. Unless of course the debt is short term like Greece and Spain where a handy bank like the EU tax payer funded ECB comes in to the rescue and the debt is spread around the prudent and sensible.
NY VS BP (globalpensions)
Mistresses Dumped To Save Cash (telegraph)
Debt, Consumption, Death (bloomberg)
ING 20 years too late (icfmag)
Third Country Trouble Stalls Redtapers (reuters/yahoo)
Trillions and Trillions (bloomberg)
UCITS IV will be de facto fund structure for hedge funds in Europe.