KOREA · 5 min · 2026-04-25
Rather than comparing Korea's national debt and household debt as if they were the same figure, we read them apart — by the path a shock travels and by how much room policy has to respond.
KOREA · 5 min · 2026-04-25
A practical guide to the three measures of Korea's fiscal debt, organised around how each is actually used, and an explanation of why you cannot line them up as if they were the same ratio when you compare countries.
CHINA · 6 min · 2026-04-25
Rather than making China's debt look larger or smaller than it is, we treat the Ministry of Finance's official balances and the local-government financing-vehicle debate as two separate layers.
JAPAN · 5 min · 2026-04-25
Behind the claim that Japan's debt is sky-high relative to GDP sits a question of coverage. This piece untangles what separates central government, general government, and the social security funds.
USA · 5 min · 2026-04-25
A reading of America's debt that goes beyond a single debt-to-GDP ratio, working through three layers: Treasury Debt to the Penny, the standing of the dollar, and the cost of interest.
SPAIN · 5 min · 2026-04-25
Interpreting the Spanish national-debt benchmark — EDP/PDE debt — together with ECB rates, eurozone fiscal rules, and household deleveraging.
GLOBAL · 5 min · 2026-04-25
Why the household-debt-to-GDP comparison is so useful and so easy to misread, seen through housing finance, interest-rate sensitivity, and income flows.
GLOBAL · 6 min · 2026-04-25
How WorldRealDebt fills in the figures between official releases, explained from a reader's point of view — what baseValue, annualGrowthRate and baseAsOf actually mean.
GLOBAL · 5 min · 2026-07-17
A debt clock headlines the outstanding principal, but what actually tightens the public finances is the interest that has to be paid every year. This is what interest cost is, why it grows, and where in the budget you should read it.
KOREA · 6 min · 2026-07-17
The one-line figure "national debt per citizen" comes from a single division. This guide explains how it is built, why the number swells or shrinks when you change the denominator, and why it is a mistake to read it as "my personal debt."
GLOBAL · 5 min · 2026-07-17
Figures in the trillions convey nothing by themselves. Using three rulers — time, the thickness of banknotes, and household scale — this piece re-measures very large numbers, and sets out the conditions under which conversion aids understanding rather than misreading.
GLOBAL · 6 min · 2026-07-17
Two countries can share the same debt ratio and yet face very different dangers, because the danger depends on who holds the bonds. Through the holder structures of Japan, the United States, Korea and China, this piece traces the questions of rollover risk and monetary sovereignty.
KOREA · 5 min · 2026-07-17
The Asian financial crisis of 1997, the global financial crisis of 2008, the pandemic of 2020: each pushed Korea's national debt up one step, and in the calm years that followed, the ratio never came back down. A reading of three decades as a staircase.
GLOBAL · 5 min · 2026-07-17
Starting from the rollover machinery that refinances maturing bonds, this piece answers the question head-on: why net repayment is historically rare, why that is no licence to borrow without limit, and what the famous 60% and 90% thresholds really are.