Reuters/Katanga Johnson/9-9-2019
“‘In the United States, outstanding corporate debt stands at almost $10 trillion, almost 50 percent of GDP, [Jay Clayton, chairman of the Securities and Exchange Commission] said. ‘Those are numbers that should attract our attention,’ said Clayton.”
USAGOLD note: One wonders if anyone is paying attention . . . . We should keep in mind too that a large portion of that debt went to stock buybacks – a major lubricant to the stock indices.
Chart courtesy of HowMuch.net
