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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mark Adams who wrote (108617)6/13/2001 6:41:23 PM
From: yard_man  Read Replies (3) of 436258
 
well, I think the incremental approach is a correct approach and you have to have a running average over a timespan greater than 1 yr -- might be some debate as to whether those are the "right" quantities to look at

-- the point he is making is rather simple.

Growth in GDP (Gross Domestic Product) has been accompanied by a larger and larger comcomitant expansion in private domestic debt and the extent to which this ratio of increments has had to accelerate while GDP growth is slowing (kind of like running harder and harder not to slip off a conveyer belt or something) -- well that's troublesome as it doesn't indicate good things to come
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