As we all (OK all of us who must earn money in order to live) continue to watch what goes on in our country economically, there are a whole bunch of numbers that mean something. Most of them are called indicators of some good or bad that is about to happen. Others merely show us if we are making any headway, monetarily as a country.
I myself try to keep on eye on the day to day stuff that directly effects me and my small businesses or two. You know, the DJI, Nasdaq, mortgage rates, shadow inventory, DOM, Denver Broncos record, Hooters business hours, etc.
My degree is in Math and not Econ. so in that vein, can one of you who is better schooled in economics or finance please explain if this is a good or bad number:
The US ended 2012 with a 103.8% debt to GDP.
It looks pretty bad to me. I am just not sure how bad.
Here is the complete article:
http://www.zerohedge.com/news/2013-01-30/us-ends-2012-1038-debt-gdp

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