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Interesting that he's talking about "Europe", but only actually includes stats for three European countries. Maybe including others (e.g. Germany) wouldn't have
by rob74 6y ago
Interesting that he's talking about "Europe", but only actually includes stats for three European countries. Maybe including others (e.g. Germany) wouldn't have served the point he's trying to make?
- curo 6y agoGDP per capita in Germany is $48k and in the US $63k. Growth is 1.2% and 2.29% respectively: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=DE-US https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
- hocuspocus 6y agoAnd how much public and private debt creation was needed behind these growth numbers?
- curo 6y agoGood question. Private-debt-to-GDP ratio: - Germany (154) - Scandinavia (269-280) - Western Europe (224-266) - US (220) https://tradingeconomics.com/country-list/private-debt-to-gdp https://tradingeconomics.com/country-list/private-debt-to-gd... Gov-debt-to-GDP ratio: - Germany (58) - Scandinavia (~40) - Western Europe (~100) - US (108) https://tradingeconomics.com/country-list/government-debt-to-gdp https://tradingeconomics.com/country-list/government-debt-to...
- ThePhysicist 6y agoGermany is above 80 percent now due to Covid-19. Still better than other countries though, but not great.
- pas 6y agoWhy is it not great?