Recent Government, Household and Corporate Debt to GDP Data

US and Europe are still in the woods grappling with worsening debt situation, but stock markets took a turn on coordinated actions from leading central banks around the globe. Let’s not get too excited, as at the end of the day all this does not make economic sense. Just have a look at this recent  Government, Household and Corporate debt to GDP data Chart.

Image Source: Post published on Zacks, ”The Broke Leading the Broke“

When dealing with high debt burdens, does it make sense to lend financial support to save troubled European countries? Do you think this is a viable solution to escape a credit crunch in near future?

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