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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: pater tenebrarum who wrote (4079)6/1/2001 1:22:37 AM
From: LLCF  Read Replies (2) of 74559
 
<Dr. Richebacher calculates that last year every dollar of GDP growth was financed with 4.55 dollars in additional credit creation. that compares to the much tamer 30 cents in new credit for every dollar of GDP growth in the mid fifties. >

I mentioned debt load vs income last week... I think people just sort of assume all these numbers are meaningless because they don't think of it in simple terms. Every downturn has it's bankruptcies of course.... this time it should be something.

DAK
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