The Hive

This blog was dedicated to the monitoring of latest developments in Central, Regional and Local politics from its base in New Zealand's capital city, Wellington. The blog was run by a team with unique insights into latest developments. The Hive was not politically aligned, but did support policy that was best for the growth of business and the economy. Given the obvious interest from our readership The Hive from time to time delved into the politics of other countries or regions.

Sep 27, 2008

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......