to sector total debt to gdp now :
US non fi corps 72 %
SPAIN non fi corps 134%
--nearly double--
(note comparative changes 2000-08 versus change since 2008)
households close
SPAIN 82%
US 87%
gub
SPAIN 71%
US 80%
spain has a non fi corporate debt problem.... if any
but in addition note the opposite directions of hi fi since crisis 08
US - 17 points
SPAIN + 8 points
and yet its the gub and the household sectors
that are getting the squeeze in spain and US
gubs since crisis have both seen debt ratio rise
but
Spain saw a 16 point decline 2000-08
versus
US increase in same period of 16 points
total move 2000 to now
Spain gub up 8 points
US gub up 35 points !
however neither has absolute gub debt ratio
that signals anthing like "trouble "
