Salient to Investors:
Paul Ashworth at Capital Economics said:
- US overall net worth was 550 percent of GDP in 2011 versus official GDP of near $15 trillion and national debt of $16.8 trillion – not particularly egregious.
- Including US holdings of foreign bonds and cross-country holdings of other types of assets, net external liabilities are a fairly modest 30 percent of GDP.
- There is little danger of a collapse in the dollar or a spike in long-term interest rates.
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