The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (29400)	3/25/2005 5:54:46 PM
From: CalculatedRisk	Read Replies (1) of 110194

russ, I agree with the general thrust of that commentary (too much debt), but his numbers are not quite correct. The FED "Flow of Funds" report shows $37 Trillion in debt, but some of it is double counted. Here is what I get (Billions): Government Debt: Federal $4317 Trust Fund $3200 State $1670 TOTAL Government $9187 Household Debt: Mortgage $7261 Consumer Credit $2124 TOTAL Household $9949 (includes some small items) Business Debt: $7671 Financial Sectors: $11,674 TOTAL DEBT: ~$38 Trillion. GDP rate (based on Q4, 2004) is $11,967 Billion. The Financial Sectors debt is primarily for intermediation so it is probably double counted. I would think $27 or so Trillion would be the correct number. The debt situation is not a pretty picture, but it is not as bad as Mr Radley's commentary would portray.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next