2009 Debt Management Numbers Portfolio 
ClearMoney
DECEMBER 5, 2021
With that caveat aside, debt/GDP over 100% hasn’t necessarily been deleterious to equity markets. Even Japan, with debt/GDP levels above 200% from 2009 to 2018, returned a positive equity premium in seven of those 10 years. General Government Debt” (indicator). United Kingdom Debt Management Office.
ClearMoney
DECEMBER 5, 2021
With that caveat aside, debt/GDP over 100% hasn’t necessarily been deleterious to equity markets. Even Japan, with debt/GDP levels above 200% from 2009 to 2018, returned a positive equity premium in seven of those 10 years. 3General government debt from OECD (2021). General Government Debt” (indicator).
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