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Total Credit Market Debt as a % of GDP - still up there!


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#1 HungryPoohBear

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Posted 12 July 2015 - 03:03 PM

I have been gone for 6 years, but I decided to return. When I left in 2009, Total Credit Market Debt as a % of GDP was around 366%. It has not fallen much in 6 years. TCMD as % of GDP is still at 333% and has leveled off - unlike the Great Depression; however, when will the crash occur? It appears that 2009 (the high water mark) is an outlier of an ever-continuing trend on the graph. 

 

http://www.economagi...totalcreditdebt

 

togdp-totalcreditdebt.gif

Total_Credit_Market_Debt_vs__GDP.png

(In 1945 to 1950 were boom times, but no debt due to fact it was paid for by forced savings from war years.  Notice the angle of income has now become parabolic, always seen before collapse!)

 

 



#2 HungryPoohBear

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Posted 13 July 2015 - 02:41 PM

Here is a great article from a year ago:

 

http://ivn.us/2014/0...-us-total-debt/

 

At no time in human history have so many people been able to borrow so much money so quickly with so little accountability. In 50 short years, debt has gone from being a luxury for a few to a convenience for many to an addiction for most to a disease for all. It is a virus that has spread to every aspect of our economy, from a consumer using a credit card to buy a $0.75 candy bar in a vending machine to a government borrowing $17 trillion to keep the lights on.

 

/////////////////////////////////////////////////////////////////////

 

These data points may correlate to a change, but they will not cause it because people on the street do not make their financial decisions based on any of these things. Most people on the street do not know these things exist much less monitor them.

 

People make their decisions on what to buy, when to buy it, and how much, if any, to borrow to buy it based on their personal situation, advice from people they trust, and a general cultural attitude to some extent.

 

It is a good bet the government will not lead in trying to fundamentally change directions economically. It has too much vested in the one we have now, both politically and financially, in that it has made so many of the top party supporters on all sides so much money.

 

Right now, I would put my money on the generation that has been so heavily involved in driving every cultural shift for the last 50 years, my generation, the Baby Boomers. But this time it will not be because they are looking forward. It will be because they are looking back with regrets and leading by bad example.

 

what-is-the-real-us-total-debt-84430.png



#3 HungryPoohBear

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Posted 13 July 2015 - 03:05 PM

http://americasmarke...r-ears-in-debt/

 

Companies are sitting on a record $1.82 trillion in cash. That might sound impressive until you hear companies owe three times more – $5.8 trillion, according to a new report from Standard & Poor’s Ratings Services.

 

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#4 detachedbear

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Posted 14 July 2015 - 07:35 AM

My brother used to complain about the "financialization" of the USA.  Now it turns out that the entire world is in debt.  Bankers have become gods.



#5 HungryPoohBear

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Posted 14 July 2015 - 11:59 AM

My brother used to complain about the "financialization" of the USA.  Now it turns out that the entire world is in debt.  Bankers have become gods.

 

So when does the so-called coup d'état of our banking system begin?



#6 HungryPoohBear

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Posted 16 July 2015 - 08:19 PM

05784-us_president_barack_obama_spending



#7 HungryPoohBear

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Posted 16 July 2015 - 08:28 PM

U.S. NATIONAL DEBT CLOCK

 

debtiv.gif



#8 detachedbear

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Posted 17 July 2015 - 07:08 AM

With the glaring example of Greece in front of us, we still fail to see the need to balance the Federal budget.

 People still believe that we can "borrow our way to prosperity", and "inflate our debt away".

 How long before our creditors demand  "austerity" from us?



#9 HungryPoohBear

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Posted 17 July 2015 - 11:17 AM



With the glaring example of Greece in front of us, we still fail to see the need to balance the Federal budget.

 People still believe that we can "borrow our way to prosperity", and "inflate our debt away".

 How long before our creditors demand  "austerity" from us?

 

spring-2015-to-whom-does-the-US-governme



#10 HungryPoohBear

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Posted 17 July 2015 - 01:27 PM

One of the more interesting figures that I came across was that in 2000, every $2.4 of debt creation produced $1 of GDP growth.  Today that figure is up to $4.6 for every $1 of GDP growth.  In other words, the impact of debt creation is having less and less of an impact on real economic growth.

 

http://www.mybudget3...to-debt-ratios/



#11 HungryPoohBear

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Posted 17 July 2015 - 01:33 PM

cartoon-bubble.gif



#12 HungryPoohBear

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Posted 17 July 2015 - 01:36 PM

20150716_socialism.jpg?1437081269



#13 HungryPoohBear

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Posted 17 July 2015 - 01:47 PM

bernanke-time-man-of-the-year1.png



#14 HungryPoohBear

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Posted 17 July 2015 - 01:48 PM

national-debt-elmo-2012.png?w=604&h=408



#15 HungryPoohBear

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Posted 17 July 2015 - 01:50 PM

In case you haven’t noticed, incomes (not GDP) pay mortgages and support small businesses.  Increasing the National Debt by a can you say “parabolic?” 54% in the last 42 months hasn’t budged income per capita in nominal terms.  If you adjusted for inflation, you’d find that Americans are actually about 12% poorer today than they were in 2006.   We’re not “growing” our way out of this, we’re just going deeper and deeper into hock, courtesy of a government with about as much fiscal discipline as crack-whores with a stolen credit card.  Here’s the thing: It’s your credit card, so maybe you should understand how much they’re spending:

 

national-debt-per-month.png?w=300&h=267

 

Just to be clear, we’re talking about $400 per citizen per month in new charges alone, month after month after month.

 

https://acrossthestr...nal-debt-again/



#16 HungryPoohBear

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Posted 20 July 2015 - 08:42 PM

Has anybody else watched this video by William Bonner of Agora, Inc.?

 

http://pro.bonnerand...PBBLR703?h=true



#17 HungryPoohBear

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Posted 20 July 2015 - 08:46 PM

graph5.jpg

 

http://pro.bonnerand...PBBLR703?h=true



#18 HungryPoohBear

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Posted 23 July 2015 - 09:49 PM

US Debt Headed Toward Greek Levels

 

http://www.washingto...article/2567326

 

1060x600-db3532fbf07f179c00d366a2370c806

 

 



#19 HungryPoohBear

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Posted 26 July 2015 - 03:25 PM

Proof of the reinflated bubble:

https://homes.yahoo....-183611698.html

Trash homes going for over $300K again in California.

This is an increase in value of over 100% in 3 years!

This is ridiculous!

#20 HungryPoohBear

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Posted 26 July 2015 - 10:48 PM

We have witnessed this tech run-up before!

 

http://techcrunch.co...about-to-burst/

 

bubblechart2.png?w=1024&h=502






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