24 ms·
Last time I looked at statistics Swedens debt to GDP was 35%, one of the lowest I saw, which doesn’t really make sense to me when I consider the weakness of the
by dijit 4y ago
Last time I looked at statistics Swedens debt to GDP was 35%, one of the lowest I saw, which doesn’t really make sense to me when I consider the weakness of the currency, but then again I am just a humble engineer and I have no clue about these things.
UK is close to 100% debt to GDP at the moment, the highest in recorded history.
- engineeringwoke 4y agoThe big issue in northern Europe is private debt, not government debt. Totally reasonable to not know
- JUNGLEISMASSIVE 4y ago[dead]
- bobthepanda 4y agoOne of the benefits of a high tax regime is that it’s not hard to not need to borrow money if you’re smart about it. I follow some stuff about public transit, and Sweden has lower construction costs than the UK by an order of magnitude.
- brwck 4y ago> which doesn’t really make sense to me when I consider the weakness of the currency When there is war, financial crisis, etc, money seeks the safest harbor. The safest harbor in the world today is the US. Rising interest rates, war in ukraine, competition with china, etc means that the world is buying treasuries. Demand for dollars goes up, demand for most other currencies goes down. If there is a significant crisis in the world and the dollar doesn't gain in strength, then we'll know a paradigm shift has occurred.