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
"Who knew releasing the MLK files and literally deflecting, it ends up implicating himself with the Epstein Files."
Dan Bilzerian DEMOLISHES MAGA Nutjob Patrick Bet-David on His Own Show
Watch as two powerhouse personalities collide in this no-holds-barred debate on one of the world’s most contentious issues. Patrick Bet-David, known for his ...
MRNA VACCINES: Question
Hello my fellow sojourners,I know it has been five years since the Plandemic, but one question has…See More
"cheeki kea Marjory is in a daily battle with Democrats on the hill constantly coming up with more…"
The Saga of Joe Adams May Have Solved What's Behind the Numerous Disappearances Going on in our National Forests
The year is 2023 in September. A nature’s photographer and experienced survivalist, Joe Adams…See More
Aron Siri's opening statement, Senate Hearing on Covid Vaccines, May 25
Opening statement Aaron Siri, Managing Partner, Siri & Glimstad, L.L.P.Senate Homeland Security and Governmental Affairs, Permanent Subcommittee on Investiga...
"A smidgeon of facts have come to light. In English a misspelling suddenly occurred where an extra R…"
The Cancel Culture Vulture
Better to shut them down than hear their point of viewCancel culture coming after youHelping to…See More
The Fingerprint
The Fingerprint On a dance with the unpredictability of the signals you sendA solemn pact with my…See More
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network