■ Debt to GDP ratio: America: 107%. Great Britain: 80.70%. Australia: 45.10%. Russia: 12.20%.
■ Larry Elliott: Russia is winning the economic war and Putin is no closer to withdrawing troops.
■ Larry Elliott: Russia is winning the economic war and Putin is no closer to withdrawing troops.
And yet we keep getting good credit ratings.
Ironically, the Hiden admin now has a clear choice, abandon Ukraine and let Putin win or free up the oil and gas reserves in the US. One might have thought the latter was an easy choice as it’s short term “pain”, but it’s clear that’s not how they are thinking.
Lose to Russia now and they will have an enemy emboldened by fighting against many of the west’s latest weapons and stronger economically than at any point in it’s history.
russia is winning despite having a depression and inflation into quite easily double digits.
you can buy some Russian bonds but few people like them for good reason.
Meanwhile, as Australians are reduced to stealing lettuce leaves, King Albo I embarks on his second overseas tour – soon to be followed by his third.
Albo hates Australia.
Elsewhere:
Is America the Real Victim of Anti-Russia Sanctions?
Making things – always was the old-fashioned way to prosperity.
I suspect you should really value the service sector hardly at all.
Using PPP seems to be a much more intelligent and honest way of gauging a country’s economy. I defer, however, to the economists amongst us.
C.L.
I’ll play your game…
The obvious deadbeat communist country is Australia at only 45.10% but I’m sure Emperor Albo will rectify that shameful lag behind communist Great Britain, as soon as possible.
Although, it would be interesting to compare the debt to GDP ratio of the various Australian State and territory fiefdoms.
Does Russia still qualify as communist?
Media beatup CL.
The shops always discard the outer leaves, generally before they are put on display though. People eg with pets have always been given the outer leaves free as the shop chucks them anyway. That said the people in this article grabbing large amounts of the leaves didn’t appear very Australian and the quantity suggests they weren’t feeding a Guinea pig. Same type that inspect the recycle bins on the street.
Can someone confirm this is correct? I understood govt debt to be over $A1 trillion so GDP is now over $2.3t?
Our GDP is a product of MMB (Modern Monetary Bullshit) based on Services so we can make it whatever you want.
Just ask the RBA.
Lettuce not rush to judgement, Chris.
Russians will soon be ordering mail order brides from Oz.
Shredded my argument, I’ll go dress my wounds.