Actually, I am very interested to learn the meaning of those numbers. What does it mean to have 50%, 100% or 200% of debt?
What are the impacts?
Why do China Vietnam, Hong Kong, Korea and Singapore can have more than 100% debt on non-financial corporates yet their economy is relatively good? Argentina has much lower debts yet their economy isn't in good condition?
1. According to that rich guy Ray Dalio, if a country owes most of it debts in own currency to it own people, then a financial crisis regarding that debt is unlikely to impossible. This is not really his idea, it is just an observation, and logically if a Japanese corporation owes a lot to a Japanese bank, the Japanese government can step in and sort it all out. The level of debt by itself, tells us not too much about insolvency of the country.
Is the country's debt mostly in its own currency is a key question to know.
2. What is important is the ability to pay it back, as long as there is ability to service the debt and keep the economy growing, then the debt is good.
The idea of capitalism is the pooling of capital. Shares can be issued or they can get a loan.
3. The Marxist theories about debt are interesting. But that is really just a theoretical exercise, until a financial crisis hits. Knowing Marxist theories does not help one in their trading or investment decisions, so I do not do much of that. Just listen to the gold bugs once in a while, and always listen to the rich people. There is a reason why they are 1) rich, and 2) stay rich.