He Said That? 2/7/15

Posted on February 7, 2015 | 3 Comments

From Calvin Coolidge, 30th president of the United States:

There is no dignity quite so impressive, and no one independence quite so important, as living within your means.

According to McKinsey & Co., total world debt is over $199 trillion, and world GDP is about $70 trillion. The US government’s debt is over $18 trillion, and US GDP is a little over $17 trillion.

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3 responses to “He Said That? 2/7/15”

  1. neilmdunn's avatar neilmdunn | February 7, 2015 at 6:02 pm | Reply

    And of course don’t forget the world-wide flocks of the various derivative instruments flying around. Estimate of $1.4 trillion mas/menos sound about right?

  2. neilmdunn's avatar neilmdunn | February 7, 2015 at 6:04 pm | Reply

    Sorry,I meant quadrillion, not trillion. Sorry.

  3. Robert Gore's avatar Robert Gore | February 7, 2015 at 6:21 pm | Reply

    I think that’s in the right ballpark.

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