Tuesday, December 20, 2011

China is in the same debt boat as the rest of us

Robert Wenzel reports a Roubini tweet that the real government debt-to-GDP ratio in China is 80%.

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5 comments:

  1. Paddington20 December 2011 at 14:47

    A column by Paul Krugman today points out that China is also headed for a real-estate bubble.

    ReplyDelete
  2. The Arthurian21 December 2011 at 07:59

    A high ratio of government debt to GDP is not a problem if the ratio of private debt to GDP is low.

    Of course, a real-estate bubble would indicate high levels of private debt.

    ReplyDelete
  3. Sackerson21 December 2011 at 08:54

    Agreed, A.
    Merry Christmas!

    ReplyDelete
  4. Sackerson21 December 2011 at 08:54

    P: 64 million unoccupied residential units, for a start, I understand, P.

    ReplyDelete
  5. Paddington21 December 2011 at 13:47

    And the mortgages are even being funneled through places like pawn shops.

    ReplyDelete

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