Market and Macro Econ Update 11/05/11

Submitted by: Francis Soyer

As our media continues to spew out garbage day after day essentially saying the same things over and over again about how bad the Euro zone situation is and how it might be solved one day and how it will fail the next. I thought it reasonable to get into the actual numbers of what all of these media organizations seem to ignore. How bad is it? Who is next and is the crisis solvable. From my sheet which is base and pulling numbers that are ball park ranges for government stats provided the situation in the Euro zone is materially LESS worse than they are here in the U.S.A.

To summarize: Greece with a pathetic annual GDP of roughly $305,415,000,000 our maybe twice the annual GDP of California.. has a debt to equity ratio of 122.70%. Meaning for every dollar they make there is an existing one dollar and twenty two point 7 cents of debt that is owed on that dollar of GDP revenue.

In second place is Italy with a debt to equity ratio of 109.37% and then in third Belgium at 91.72%

What is more interesting is that in comparison the USA comes in at 102.67% which would put us behind Italy. This ratio will change once debt ceiling wrangling begins in December when congress will need to increase that ceiling by roughly 5 trillion or 20% which will put us well in front of Greece as most insolvent in the world. What happens then? Financial disaster and another crushing blow to the value of the dollar. See table below.

Global Debt Summary A/O 11/05/11
		Debt		% of Ann GDP	2009 to 2010	GDP As Reported	GDP As Reported
Euro Zone	Public Debt	Per Capita	Population	World Debt Clock	Change	IMF A/O 2010	IMF A/O 2009
Greece	374,758,904,110	34,069	11,000,000	122.70%	-24,509,000,000	305,415,000,000	329,924,000,000
Italy	2,247,586,027,397	37,305	60,248,493	109.37%	-57,666,000,000	2,055,114,000,000	2,112,780,000,000
Belgium	429,046,301,370	40,476	10,600,000	91.72%	-743,000,000	467,779,000,000	468,522,000,000
France	2,089,358,630,137	33,100	63,122,739	81.53%	-83,648,000,000	2,562,742,000,000	2,646,390,000,000
Portugal	174,502,465,753	16,462	10,600,000	76.15%	1,478,000,000	229,154,000,000	227,676,000,000
Ireland	147,186,301,370	34,831	4,225,753	71.11%	-20,208,000,000	206,985,000,000	227,193,000,000
Germany	2,302,336,712,329	27,739	83,000,000	70.06%	-43,581,000,000	3,286,451,000,000	3,330,032,000,000
Malta	5,477,260,274	13,693	400,000	66.22%	822,000,000	8,271,000,000	7,449,000,000
Austria	245,868,767,123	29,270	8,400,000	65.15%	-7,526,000,000	377,382,000,000	384,908,000,000
Spain	895,289,863,014	19,442	46,048,493	63.50%	-50,304,000,000	1,409,946,000,000	1,460,250,000,000
Netherlands	470,218,082,192	28,370	16,574,246	60.23%	-11,460,000,000	780,668,000,000	792,128,000,000
Cyprus	12,883,287,671	16,104	800,000	55.59%	-1,736,000,000	23,174,000,000	24,910,000,000
Finald	106,992,328,767	19,908	5,374,246	44.73%	1,665,000,000	239,177,000,000	237,512,000,000
Slovenia	17,830,410,959	8,915	2,000,000	37.35%	-744,000,000	47,733,000,000	48,477,000,000
Slovakia	32,325,753,425	5,986	5,400,000	36.96%	-192,000,000	87,450,000,000	87,642,000,000
Luxembourg	7,803,013,699	15,606	500,000	14.14%	2,746,000,000	55,195,000,000	52,449,000,000
Estonia	1,400,000,000	1,077	1,300,000	7.27%	133,000,000	19,253,000,000	19,120,000,000
Total Debt	9,560,864,109,590	22,491	329,593,970	78.61%	(295,473,000,000)	12,161,889,000,000	12,457,362,000,000
		EU Zone Avg. Per
		Capita Debt
		Debt		% of Ann GDP	2009 to 2010	GDP As Reported	GDP As Reported
USA	Public Debt	Per Capita	Population	World Debt Clock	Change	IMF A/O 2010	IMF A/O 2009
United States	14,940,082,649,500	47,802	312,538,895	102.67%	537,000,000,000	14,551,800,000,000	14,014,800,000,000
		Debt	Tax Payer	% of Ann GDP	2009 to 2010	GDP As Reported	GDP As Reported
USA	Public Debt	Per Tx Pyer	Population	Tax Payer Debt	Change	IMF A/O 2010	IMF A/O 2009
United States	14,940,082,649,500	108,275	137,982,203	102.67%	537,000,000,000	14,551,800,000,000	14,014,800,000,000