Recovery Gone Global......................from Rico

This is what "recovery gone global" looks like.

 

Nine countries have Debt-to-GDP over 300%. [And the US is only 233%]

- Japan 400%

- Ireland 390%

- Singapore 382%

- Portugal 358%

- Belgium 327%

- Netherlands 325%

- Greece 317%

- Spain 313%

- Denmark 302%

 

Thirty nine percent of countries have Debt-to-GDP over 100%.

 

Israel just cut rates to 0.1%, making it the 20th Central Bank to have cut rates so far in 2015. (Bear in mind that the ECB spans 19 nations itself).

- Uzbekistan, Romania, Switzerland, India, Egypt, Peru, Turkey, Canada, ECB, Pakistan, Singapore, Albania, Russia, Australia, China, Denmark, Sweden, Indonesia, and Botswana.

 

Currencies racing to the bottom do NOT = Recovery....they signal Golbal Recession.