Following Ray Dalio's video on his understanding of the economy, Business Insider has compared the deleveraging of Europe and the US which has occurred since the GFC. The chart shows that deleveraging in the US has brought the Debt/GDP ratio down below 350%, whilst Europe's ratio remains stubbornly high. The presentation, which was circulated by Morgan Stanley at the Global Economics & Strategy Day also highlights the meteoric rise of the Debt/GDP ratio in the US since the 1950s, following the deleveraging event after the Great Depression. (VIEW LINK)
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