Max Keiser & the UK’s 950% Debt to GDP Level

by Steve Keen on December 23rd, 2011 at 12:14 am

Posted In: Debtwatch

It’s always a pleasure to talk with Max, and in this interview he drops a bombshell that I still have a hard time even contemplating: the claim that the UK’s private debt to GDP ratio is 950%, and the finance sector alone has a debt ratio of 600% of GDP. Our discussion starts at the 14 minute mark.



I still have to see the data for myself, and until then I’ll remain skeptical, but here’s a chart allegedly sourced from Morgan Stanley that makes that claim.