Post
Topic
Board Politics & Society
Re: Russia willing to consider loans to Greece
by
jaysabi
on 24/06/2015, 16:48:30 UTC
I thought that Russia was in financial trouble  Sad

Well... I'll give you a comparison between the United States and Russia.

Russia:
Net Debt: $243 billion
Forex Reserves: $370 billion
Surplus: $127 billion

United States:
Net Debt: $18,315 billion
Forex Reserves: $121 billion
Deficit: $18,194 billion

Now, from these stats, who seems to be in financial trouble?


This two-dimensional financial analysis focuses only on a single metric, and ignores the most important factor: ability to borrow / creditworthiness. Until the US government cannot borrow or has as much trouble borrowing as Russia does, it cannot be said to be in financial trouble. With Russian government bonds yielding over 10%, and the US yielding 2.4%, the world markets have spoken about which country is in more financial trouble.