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3 minutes of research shows that in the USA it's over 300%. What was your point? Edit: I was totally, utterly wrong. I looked at global corporate debt. Mea cul
by sho 10y ago
3 minutes of research shows that in the USA it's over 300%. What was your point?
Edit: I was totally, utterly wrong. I looked at global corporate debt. Mea culpa!
- krona 10y agoYou need to do more research. Corporate debt in the USA peaked in 2008-2009 at ~200%.
- sho 10y agoThe most recent figure I could find for US corporate debt is $51 trillion: http://www.cnbc.com/2016/07/20/crexit-warning-as-corporate-debt-seen-ballooning-to-75-trillion.html http://www.cnbc.com/2016/07/20/crexit-warning-as-corporate-d... The USA's most recent GDP is $16.7T, so slightly over 300%. Do you have some other figure?
- krona 10y agoThat's global corporate debt. Half that article is about China's ballooning corporate debt load.
- rahrahrah 10y agoRegardless of what the numbers are, I'd still like to hear what your point was. You said you weren't surprised given that corporate debt to dbp = 250%. Is that some special number at which you can predict these kind of things happen?
- krona 10y agoIn most economies this is indicative of a looming credit crisis. The best (almost up to date) summary I've read was http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for-a-banking-crisis-in-china/ http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-r... .
- rahrahrah 10y agoOk so there's a looming credit crisis. How do you go from that to the implication "China is the new world power in AI, doesn't surprise me because of their corporate debt". What? It seems to me that someone said something good about China and you snapped back by saying something bad. It's just your emotions talking.
- krona 10y ago@rahrahrah; The title of the submission is "China has eclipsed US in AI, robotics and VC funding". The author of the article is using levels of investment to further his/her point about the relative superiority of two countries in AI, while completely ignoring the macroeconomic backdrop that are largely the drivers of these statistics in the first place. Oh, and I think you're assuming I'm an American, which I'm not.
- sho 10y agoFrom your article: Corporate debt alone has reached 171pc of GDP Amusing that we both misread our own source articles...
- sho 10y agoWow, I totally failed to grok that. Right you are. I'll edit my comment.