U.S. Debt and Equities Since 1981
|
|
|
|
Doug Noland’s weekly commentary
that provided some hard numbers to back up Bill Gross’ recent claim that the
end may be nigh for the global financial system as we know it seemed to just
be crying out for someone to make a stacked bar chart or two, so, voila!
 
Of course, for data points that span 33 years, you have to somehow adjust
this to take into account population growth and inflation. Looking at stocks
and bonds as a percentage of GDP seems like the right thing to do here, so,
again, voila!
Less dramatic, to be sure, but equally disturbing when you think about it.
I mean, what, aside from the grotesque multi-decade expansion and current
size of the global financial system itself, is so different between 1981 and
2014.
| |
La rédaction vous conseille :
| Publication de commentaires terminée |