Gross US Internal Debt To GDP

We still can't find the chart used by Gaynor in this morning's Herald piece but we have found this in one of his earlier articles - thanks to a useful collection of Gaynor's articles on the Milford Asset Management website. This chart is just as frightening. The current bailout is all about avoiding the steep fall that occurred in 1931. We are the same type of tipping point. But the US administration would like to engineer a less steep descent, but descend we must......