Japan has a lot of foreign assets. Say if I have a lot of Gold and then I issue debt → just because my debt is high, doesn’t mean there’s a debt crisis - I can always sell that gold to repay debt... I would rather analyze Net Debt to GDP. I don’t understand people’s obsession with Debt to GDP - it is not apples to apples comparison.
I'm interested in Emerging Market debt since it seems to be an attractive asset class in the name of the Emerging Market countries have the lower sovereign debt than the developed
I enjoy your articles I have been worried about a global debt crisis so I was wondering how far out is the crisis ? Are we talking one year or five years out ?
Japan has a lot of foreign assets. Say if I have a lot of Gold and then I issue debt → just because my debt is high, doesn’t mean there’s a debt crisis - I can always sell that gold to repay debt... I would rather analyze Net Debt to GDP. I don’t understand people’s obsession with Debt to GDP - it is not apples to apples comparison.
I'm interested in Emerging Market debt since it seems to be an attractive asset class in the name of the Emerging Market countries have the lower sovereign debt than the developed
I enjoy your articles I have been worried about a global debt crisis so I was wondering how far out is the crisis ? Are we talking one year or five years out ?
The French chart looks horrible, but given the stunts we do at home politically, i’m anything but surprised