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| From: JonH🍕 |
'This will not have a good ending'
Growth gets harder once debt/GDP ratio passes 60%, even with good governance. 100% debt/GDP and govt should tread carefully.
My guess is that a default has been tacitly acknowledged and accepted. Now they are turning increasingly authoritarian in advance of the inevitable.
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| Current Thread | Author | Time | | Free Thinking Doggie | 09:39:39 | | JonH🍕 | 09:53:04 | | JonH🍕 | 16:29:22 | | Free Thinking Doggie | 09:57:00 |
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