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A comment on Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up. Parent comment
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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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.