PIMCO: The US Falls Into The Sovereign Debt Ring Of Fire
In the latest PIMCO investor letter, Bill Gross brings up a chart he likes to call "The Ring of Fire."
As you can see, this chart/graph (BELOW) details the amount of debt a country has in relation to their GDP.
Countries in the fire zone are headed for hell in a handbasket.PIMCO predicts these countries, which include the U.S., will increase public debt to greater than 90% over the next few years, which will in turn stall growth.
PIMCO: The most vulnerable countries in 2010 are shown in PIMCO's chart "The Ring of Fire." These red zone countries are ones with the potential for public debt to exceed 90% of GDP within a few years' time, which would slow GDP by 1% or more. The yellow and green areas are considered to be the most conservative and potentially most solvent, with the potential for higher growth.
Don't miss: The world's 10 biggest sovereign risks >
Source: Business Insider.com, Jan 26 2010
By: Vince Veneziani
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Is This Story True and Have their Identities Been Changed?
(Perhaps it’s the only way it can be told) Chapter 1Roy reached across the aisle of the DC-3 as it…See More
Mystery illness strikes Russia with fever, blood symptoms, and no cure in sight.
I guess releasing this bio-weapon upon Israeli neighbors would be hitting too close to home. I…See More
main-qimg-357a10f7111dcf87a3cc6e2afad83855
"Islam is only a phase preceding a total Talmudic rule and a new world religion."
Lost History
"The Tartar wall - aka The Great Wall of China is hundreds of years old and was up and running in…"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network