Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up

Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by simonebrunozzi on Tuesday November 05, 2019 @07:14PM (#21458411)

> at 2% rates 100% of their tax take will go towards paying the interest on their 250% national debt.

I'm not sure I agree with your math. Care to elaborate a bit further?

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Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by aidenn0 on Tuesday November 05, 2019 @09:36PM (#21459223)

I know nothing about japan so I worked the numbers

1. Japan's debt is 250% GDP (from GP)

2. At 2% interest rates, 100% of the tax haul will go towards servicing debt (from GP)

3. 2.5*0.02 = 0.05; Japans tax take is 5% of GDP?

#3 seems off by a factor of 6. So No clue what GP was suggesting.

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