US Ends 2012 With 103.8% Debt To GDPby Tyler Durden
Jan. 31, 2013
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2.Trump Trolls Paul Ryan For Saying He's "Not Ready" to Endorse
3.Rob Reiner Embarks On "Trump & His Supporters are Racist" National TV Tour
4.Evil Sexist Chris Matthews Caught Checking Out Melania Trump On Hot Mic
5.Swedish Girl Shows Idiocy of Trans-Everythingism
6.Poll: 57% of Americans Support Trump's 'America First' Foreign Policy
7.'Islam Does Not Belong in Germany': 60% Agree With AfD
8.Japanese Girl Shares Her Perspective On "White Guilt"
Previously, when calculating debt/GDP metrics for the US, we naturally assumed some GDP growth in Q4. Following today's GDP data we now know what Q4 GDP is. We also know that, at least on a preliminary basis, it posted a decline on an annualized basis. This means that we now have an official print for US Debt/GDP as of December 31, 2012. The numerator, or debt: $16.432 trillion, or the debt ceiling, which as we know was breached on the same day, and which has yet to be formally raised. The denominator, or GDP: $15.829 trillion. This means that the formal debt/GDP is now 103.8% and growing fast.