Public Debt or Private Debt? – Part 2
In 24 hours a number of people have contributed data and graphs related to the request in Part 1. These are pasted below, including the two remarkable graphs sent by Beaker in Australia and which he made from data obtained by clicking through on the link sent by kkalev.
But I am still drawn to the simplicity of the two kinds of debt graph that Steve Keen is using in various public forums to illustrate the situation in his country. It would be useful if such a single-country graph existed for many countries for anyone to use in public discussions.
First, here are two graphs from Beaker. Click on them to enlarge.
- Mike Meeropol
On page 77 of THE ABC’S OF THE ECONOMIC CRISIS by Fred Magdoff and Michael Yates (Monthly Review Press, 2009) there is a similar graph which breaks down private sector debt into the household sector, nonfinancial business, and financial business.
The macro imbalances scoreboard of the eurostat is handy for EU countries:
For private debt to GDP ratio from March-12:
Stacked bar graph breakdown:
interesting to see which troubled nation is last with the least private debt to GDP on both graphics.
I made a graph of (prive debt)/(GDP) for many countries from data obtained by clicking through kkalev’s link.
Click the calculator with green ball in the “Private Debt” section. The data can be downloaded by clicking the disk icon. On the upper left hand side one can click graph and map which makes a graph for a single date.
The situation for Germany: http://tandemvipera.blogspot.de/2012/06/im-netz-der-spinne.html
and in english http://genreith.de/index.php?id=economics-of-growth-and-crisis . Link to free web-text for graphs and so on.