Everyone Is Starting To Realize The Size Of Britain's Debt Crisis
Oh dear. Doesn't look good at all.
To put this into perspective, the USA’s private debt to GDP ratio peaked at 303% of GDP, and the rapid decline in this debt to its current level is what has caused its “Great Recession”. I never thought that another developed economy could make the USA’s debt bubble look trivial, but clearly I was wrong.
Oh dear. Doesn't look good at all.
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