Interest
Rates are low so Corporate Debt is high.
Luxembourg
318.7% - Company HQ Europe
Hong
Kong 219.4% - Company HQ, Asia
Ireland
194.6% - Company HQ, US
Netherlands
171.9% - Company Income Shelter Europe
Belgium
155.9% - Company Merger & Acquisition Debt
Sweden
155.5% - Low Interest Rate Borrowing Haven
China
151.6% - $21.1 T Debt from State Owned Companies
France
141.0% - Debt from State Owned Companies
Norway
134.4% - Small Economy, Big Debt
Switzerland
118.1% - Merger & Acquisition Debt
Canada
117.2% - Systemic Corporate Debt
Singapore
166.4 – Corporate Debt including China
Denmark
111.3% - Company Debt
Finland
111.3% - Company Debt
Japan
102.6% - Down from 145% in 1996.
South
Korea 101.7% - Global Auto Hangover
Portugal
100.6% - Euro Crisis Hangover
Chile
98.9% - Financial Crisis Hangover
Spain
93.2% - Euro Crisis Hangover
Austria
88.8% - Cheap Interest Rate Borrowing
New
Zealand 83.7% - 2008 Financial Crisis Hangover
UK
83.6% - London is Corporate Tax Haven
Australia
75% - 2008 Meltdown & Housing Bubble Hangover
US 74%
- $15.2 trillion – Cheap Interest Rate Borrowing
US
Corporate Debt in 2008 was $10.7 trillion. The Euro Crisis brought EU interest
rates to zero and below zero. High taxes keep their banking system afloat. Multinational corporations borrow in the EU
because of zero interest rates. Asia invested in taking over US electronics,
automotive and most other manufacturing and Asian companies spent $trillions to
ramp up these manufacturing plants. The 2008 Mortgage Meltdown had a global
effect many countries are still recovering from.
Comments
The 2008 Meltdown that
created the Great Recession from 2009 to 2016 resulted in a doubling of all
debt. It’s time to pay down all government, corporate and household debt and
increase productivity and production.
The governments and
corporations take turns funding debt, technology and product development, but
governments need to pull back on spending, become more frugal, increase their
own productivity and cut nonessentials.
Norb Leahy, Dunwoody
GA Tea Party Leader
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