http://./2010/07/24/update-on-global-economies-are-heading-for-turbulence-are-we-in-trouble-going-forward/

http://www.martinlee.sg/worlds-biggest-debtor-nations/

One way of comparison is by looking at the percentage of each nation’s external debt to its GDP. CNBC did a study two months ago and compiled a list using numbers provided from the World Bank.

Here is the list of the largest nation debtors out of the world’s largest 75 economies:

Country Name, Gross External Debt, GDP, percentage of external debt vs GDP

1.Ireland – 2.386tr, 188.4b, 1267%
2.Switzerland – 1.338tr, 316.7b, 422.7%
3.UK – 9.087tr, 2.226tr, 408.3%
4.Netherlands – 2.452tr, 672b, 365%
5.Belgium – 1.246tr, 389b, 320.2%
6.Denmark – 607.38b, 203.6b, 298.3%
7.Austria – 832.4b, 329.5b, 252.6%
8.France – 5.021tr, 2.128tr, 236%
9.Portugal - 507b, 236.5b, 214.4%
10.Hong Kong – 631.13b, 306.6b, 205.8%
11.Norway – 548.1b, 275.4b, 199%
12.Sweden – 669.1b, 344.3b, 194.3%
13.Finland – 364.85b, 193.5b, 188.5%
14.Germany – 5.208tr, 2.918tr, 178.5%
15.Spain – 2.409tr, 1.403tr, 171.7%
16.Greece – 552.8b, 343b, 161.1%
17.Italy – 2.31tr, 1.823tr, 126.7%
18.Australia – 891.26b, 800.2b, 111.3%
19.Hungary – 207.92b, 196.6b, 105.7%
20.US – 13.454tr, 14.26tr, 94.3%
While US has the largest external debt, it is only ranked 20th while comparing it to GDP.

Iceland has a percentage of 999% while among the low ratios, Singapore, China and India have percentages of 10.7%, 4.7% and 4.6% respectively.

http://money.cnn.com/  How the downgrade affects your money

DOW saw  the biggest fall on Thursday of more then 4%, a black Friday morning for us, lead by HK and Japan.

Stocks took wild ride, as investors remain nervous about a global slowdown. News that Italy may have agreed to budgetary reforms helped lift markets in afternoon trading.  More

teeth53         ( Date: 29-Jul-2011 21:35) Posted: Dow kena hit by air turbulence, there after Aug 2, 2011. More air turbulence, and after come d sunshine.