Click to enlarge.
The chart shows the annual growth in total credit market debt owed. It includes everything. What the government giveth, the private market taketh away.
Green grass and high tides forever
Source Data:
St. Louis Fed: Total Credit Market Debt Owed
I prefer less TBTF:
ReplyDeletehttp://research.stlouisfed.org/fred2/graph/?g=7SM
since this shows that TBTF levered up in the 1990s and has been leveraging down after the crash:
http://research.stlouisfed.org/fred2/series/TCMDODFS
WTH was 2004:
ReplyDeletehttp://research.stlouisfed.org/fred2/graph/?g=7SP
Bush's sub rosa reelection campaign?
Troy,
ReplyDeleteI prefer less TBTF
Wouldn't we all. Sigh.
WTH was 2004
ReplyDeleteI'm reminded of the mortgage offers that flooded my mailbox.
That was the year I turned permabearish.