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
Weekly Initial Unemployment Claims Decrease to 210,000
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The DOL reported:
In the week ending March 23, the advance figure for *seasonally adjusted
initial claims was 210,000*, a decrease of 2,000 from the previo...
1 hour ago
2 comments:
I love it, reality is a blogger making fed charts more sensible...
thanks for your continued good work
Thanks! :)
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