Posted by Tom Callinan on Monday, November 28, 2011
Nations are in the news: Greece, Portugal, Italy, and soon maybe even France. Greece has a debt to GDP ratio of approximately 150%, Portugal’s ratio is 93% and Italy is 120%. The good old US is right around 100%. How did these countries dig themselves such a large hole that they subsequently crawled into? I realize any easy answer will be an over simplification, but in my mind the answer is by not acting on good data.
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