This Happened in 51 Out of 52 Countries I just read an interesting new study by Hirschmann Capital... Which shows that since the year 1800, a total of 52 countries have allowed their debt-to-GDP ratio to surpass 130%. In other words... these countries racked up 30% more total debt than the total value of the goods and services produced in the country for an entire year. Very dangerous territory. Well guess what... An incredible 51 out of the 52 times, these governments have defaulted on their debt, either through restructuring, devaluation, high inflation, or outright default. Why am I bringing all of this up today? Because the International Monetary Fund (IMF), according to Hirschmann's report, now expects the U.S. debt-to-GDP ratio to hit a record 141% , by the end of this year. So what does this mean... and what should you do? Well, billionaire investment legend Paul Tudor Jones has made his opinion clear. He recently went public about making a huge bet AGAINST t...
Big Business Reports is a blog on market research reports, finance, technology, medical, marketing and heavy industries. News releases are published and distributed by EmailWire.Com - a global newswire with press release distribution services . Submit news releases today to media outlets on the respective industries.