Silicon Investor (SI) -- The First Internet Community

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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (19874)	10/5/2002 5:30:46 PM
From: Casaubon	Respond to of 36161

I'm not going to tackle these line item fashion; I just want to know where you got the data for this: 15 - 76% of US GDP consists of debt service. PS One last comment. Just because someone isn't saving (ie they are spending) doesn't mean they haven't addded an asset to the balance sheet.

To: 4figureau who wrote (19874)	10/5/2002 8:26:36 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

#12 through 20 = Good Quickie Debt Wreck Recipe for the mega meltdown debt implosion, driving the primary trend of LT secular DEFLATION. <12 - A trillion dollar government surplus has turned into a trillion dollar deficit within 18 months. 13 - Defaults, bankruptcies, and delinquencies in sharp uptrend as a result of an over leveraged corporate and consumer sector. 14 - Dollar-denominated debt is three times the value of annual GDP. 15 - 76% of US GDP consists of debt service. 16 - Total private corporate and consumer debt as a percentage of GDP is at levels more than double what it was 40 years ago. 17 - Fed reporting that consumer and business debt expanded at the fastest rate in over a decade. 18 - Credit expansion in the U.S. is now running at an annual rate of $2 trillion or 20 percent of GDP. 19 - Household combined debt (Mortgage, Credit Card, Car, Student, etc.) consists of 107% of household income. 20 - Non-financial debt grew by 7.8 percent during the second quarter, a jump from the 4.8 percent rate in the first quarter.>