Saturday, July 27, 2013

The Fed's Long-Term Plan to Save This Economy!

The following chart shows how much total credit market debt has grown over the previous year compared to annual wage and salary disbursements.

Click to enlarge.

Although we did not hit 100% on the previous 2 attempts (as seen in the blue and red exponential trend line failures), I'm feeling really lucky about attempt #3! Baby needs new shoes!

We're already back to collectively borrowing nearly one dollar for every three dollars paid in wages. Just two more dollars to go! Woohoo!

Source Data:
St. Louis Fed: Custom Chart


honestcreditguy said...

I love it, reality is a blogger making fed charts more sensible...

thanks for your continued good work

Stagflationary Mark said...

Thanks! :)