yglesias.thinkprogress.org - 1/26/2009
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Megan McArdle’s dubious about the prospects for an economic stimulus given the background conditions shown in this chart:
And I’ll have to concede that that is an awful lot of debt. She also says that while stimulus “can ease the pain of a slowdown (at least in theory), ...
wouldyoudothatifbarackwaswatching.com - 1/27/2009
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This year’s bubble
Balloon Juice —
... If you just look at treasuries maturing after 2030, that’s a value of about $130 billion dollars notional, which got bid up to about $190 billion, and now have lost half that so $30 billion. You throw in treasuries issued with maturity after 2027, that’s a little over $50 billion in losses. So roughly Maddoff.
But if you want to be really scared, check out this graph of total debt as a percentage of GDP (from Matt Yglesias):
The same economically-inclined friend writes of this: ...
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