Friday, 3 April 2009

And we will all go down together...

My favorite B.J. song;
Nothing is as precious as government debt, because it belongs to all of us.
And the good news is: more is coming.

The IMF published a table were they made projections how this debt will evolve in the coming years. The figures have to be read as debt as a % of GDP. I don’t think the guys on the photo should smile like this with this kind of future developments


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