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As the article states we were at 124% debt to GDP ratio in Dec 2024. Since 1981, 98% of economies that reached 130%, defaulted. Trump came into office with the economy about to go off a cliff and the administration is…
Can anyone tell me why this is a bad idea? The effective pair wise tariff rate of these countries is still larger than the US and simply brings it more in line. Why is this a bad thing?
[flagged]
As the article states we were at 124% debt to GDP ratio in Dec 2024. Since 1981, 98% of economies that reached 130%, defaulted. Trump came into office with the economy about to go off a cliff and the administration is…
Can anyone tell me why this is a bad idea? The effective pair wise tariff rate of these countries is still larger than the US and simply brings it more in line. Why is this a bad thing?