Data’s Substack

Data’s Substack

Debt-to-GDP: The World’s Biggest “Ratio Trade”

borrow now, grow (or inflate) later

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Data Driven Stocks
Dec 17, 2025
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The post-2008 and post-2020 regime shifts show up instantly in debt ratios — and the gap between ‘high’ and ‘extreme’ is basically just Japan.

U.S., Japan, China… and a long list of countries quietly …

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