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Japanese Stocks Surge: Is It Time To Buy?
Many Happy Returns
The Danger Zone Is Going Over 100% of GDP for Debt
The problem is that debt-to-GDP does have to come down. Italy was also lucky in that regard because a lot of its debt was owned by Italians. But it would be a much bigger problem if they owed the money to foreign investors. They can't let it get to 1000 or 10,000 percent the debt.
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