Tuesday, 24 February 2015

Recovery Gone Global......................from Rico

This is what "recovery gone global" looks like.
 
Nine countries have Debt-to-GDP over 300%. [And the US is only 233%]
- Japan 400%
- Ireland 390%
- Singapore 382%
- Portugal 358%
- Belgium 327%
- Netherlands 325%
- Greece 317%
- Spain 313%
- Denmark 302%
 
Thirty nine percent of countries have Debt-to-GDP over 100%.
 
Israel just cut rates to 0.1%, making it the 20th Central Bank to have cut rates so far in 2015. (Bear in mind that the ECB spans 19 nations itself).
- Uzbekistan, Romania, Switzerland, India, Egypt, Peru, Turkey, Canada, ECB, Pakistan, Singapore, Albania, Russia, Australia, China, Denmark, Sweden, Indonesia, and Botswana.
 
Currencies racing to the bottom do NOT = Recovery....they signal Golbal Recession.


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