Forget Debt To GDP, It’s Debt To Revenue That Matters–And The U.S. Is The Worst | Talking Points Memo

Morgan Stanley have published a report titled “Ask Not Whether Governments Will Default, But How” (via Zero Hedge) and while it makes some interesting points about who is going to get hit when sovereigns begin to exact “Financial Oppression” on creditors what we’re most interested in is the discussion of debt to GDP ratios. From Morgan Stanley’s Arnaud Marès (emphasis ours):

This is a companion discussion topic for the original entry at