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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%4:00 PM EST
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To: pater tenebrarum who wrote (54151)6/15/2000 2:18:00 AM
From: KyrosL  Read Replies (2) of 99985
 
Heinz,

for every $1 in GDP growth last year, $5,30 in new credit was created

I find this hard to believe. The US GDP is around $10 trillion and is growing at around 5% or $500 billion/year. The above implies that credit in the US increased by well over $2.5 trillion in the last year -- don't forget that the government's publicly held debt is dropping at the rate of $200 billion/year.

Do you have a handy source for these numbers?
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