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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (43741)	12/11/2008 1:47:29 PM
From: Haim R. Branisteanu	Respond to of 217556

State and local government debt increased at an annual rate of 3 percent in the third quarter, about 2 percentage points faster than in the previous quarter. Federal government debt surged at an annual rate of 39¼ percent in the third quarter, the largest quarterly growth rate recorded in the flow of funds accounts. At the end of the third quarter of 2008, the level of domestic nonfinancial debt outstanding was $33.0 trillion; household debt was $13.9 trillion, nonfinancial business debt was $11.0 trillion, and total government debt was $8.1 trillion. Household net worth—the difference between the value of assets and liabilities—was an estimated $56.5 trillion at the end of the third quarter of 2008, $2.8 trillion dollars less than in the preceding quarter.