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US Debt/GDP Hits Post WWII High Of 101.5%
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Letsbereal
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US Debt/GDP Hits Post WWII High Of 101.5%
«
on:
July 02, 2012, 03:39:34 PM »
As US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5%
2 July 2012
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/us-closes-june-1585636721432444-federal-debt-us-debtgdp-hits-post-wwii-high-1015
Last week's bond auctions have finally settled and the numbers are in.
As of the last day of June, the US had a record $15,856,367,214,324.44 in debt
,
a $75 billion increase overnight
,
and a post World-War II high Federal
debt/GDP ratio of 101.5%
.* That is all.
* Assuming GDP in Q2 grew at a 1% sequential rate, which in light of the global economic contraction, is quite generous.
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