Wednesday, December 1, 2010

Household Debt to GDP

I remember these charts were quite at the cutting edge of economics and finance about a decade ago. Now it seems the rest of the population is FINALLY getting around to paying some attention to the merits of adjusting everything as a percent of GDP. Regardless, looks like debt as a percent of GDP is going down. Of course this is household debt and this is primarily due to people filing for bankruptcy and more than this decrease in debt has been offset by the federal government's increase in debt, but hey, at least it's going down. When it reaches it's 1950's average of 25%, let me know. Then I'll start reinvesting in dollar denominated assets.

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