Business: Assessing Dubai's Debt Crisis - nytimes.com/video
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so what is our regular output here in the usa in production. ya its easy to always raise pay when our inflation forces you to raise pay and you have a printing press and no commodity based economy to stop them from using it..
6enlighten9 2 years ago
the debt that a country can carry is related to it's income, just like a person. a guy who makes a hundred thou a year could carry a couple hundred thou in debt with no problem. but a guy who makes 10 000 a year, we wouldn't want him to have hundreds of thousands in debt. looking at debt as a percentage of a countries gdp is useful. since the states isn't as high (japan, italy are high) we shouldn't worry. since dubai has actually asked for a rescheduling, we have a problem.
nightnavin 2 years ago
tot. united arab emirates debt between 200-250 billion
tot. usa debt between 12-13 trillion..
hmm what should we be concerned with here..?
6enlighten9 2 years ago
Dubai has Money and Gold. Why are we worrying about some place across the World?
ninjaman80 2 years ago
ahahaa how funny it is for us to point our fingers at dubai when the usa is the biggest debtor nation in the history of the world
6enlighten9 2 years ago