{"id":294,"date":"2011-08-17T05:39:58","date_gmt":"2011-08-17T09:39:58","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=294"},"modified":"2011-08-17T05:39:58","modified_gmt":"2011-08-17T09:39:58","slug":"us-debt-shrinkage-slows","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/17\/us-debt-shrinkage-slows\/","title":{"rendered":"US debt shrinkage slows"},"content":{"rendered":"<p>Having fallen by almost $1 trillion since its peak in 2009, the decline in US bank lending is slowing, with the annual rate of change approaching zero. A stable level of debt would reduce deflationary pressure and signal that residential and commercial real estate prices are bottoming.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/20110817_debt_us.png?w=525&#038;ssl=1\" alt=\"US Bank Loans Leases and Securitised Loans\" \/><\/p>\n<p>Most of the money pumped into the economy over the last year leaked straight back out, with excess bank reserves deposited with the Fed rising by more than $500 billion.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/20110817_banks-assets.png?w=525&#038;ssl=1\" alt=\"US Bank Assets\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Having fallen by almost $1 trillion since its peak in 2009, the decline in US bank lending is slowing, with the annual rate of change approaching zero. A stable level of debt would reduce deflationary pressure and signal that residential and commercial real estate prices are bottoming. Most of the money pumped into the economy &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/17\/us-debt-shrinkage-slows\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US debt shrinkage slows&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-294","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US debt shrinkage slows - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US debt shrinkage slows - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Having fallen by almost $1 trillion since its peak in 2009, the decline in US bank lending is slowing, with the annual rate of change approaching zero. A stable level of debt would reduce deflationary pressure and signal that residential and commercial real estate prices are bottoming. 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They have done so for reasons relating to immediate macroeconomic stabilisation... to go beyond the zero-interest rate limit. The Eurosystem as well\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61720,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/why-is-high-debt-different-now-v-prior-instances-of-people-fear-mongering-about-the-debt-luke-gromen\/","url_meta":{"origin":294,"position":2},"title":"Why high US debt is not \u201cfearmongering\u201d | Luke Gromen","author":"Colin Twiggs","date":"May 21, 2025","format":false,"excerpt":"An interesting response from Luke Gromen to a reader's question: Why is high debt different now v. prior instances of people \u201cfear-mongering\u201d about the debt? https:\/\/youtu.be\/rP9ITPewPqs?si=NTchWMF1UIMI227W&t=144 Watch from 2:24 to 7:20 Summary It has happened before: debt blew up in the 1970s, bondholders got destroyed, and gold grew 20X In\u2026","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"Total Fiscal Receipts & Spending (October 2024 - April 2025)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-fiscalspending2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-fiscalspending2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-fiscalspending2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":22587,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/11\/11\/low-interest-rates-no-free-lunch\/","url_meta":{"origin":294,"position":3},"title":"Low interest rates: No free lunch","author":"Colin Twiggs","date":"November 11, 2020","format":false,"excerpt":"Total assets of commercial banks in the US spiked up by $2.5 trillion (T) in the three months ending April 2020. Since then, total assets have contracted slightly (-$117bn) but, while total assets have hardly changed, this hides some far sharper changes in the composition. Consumers Consumer loans fell sharply\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12214,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/19\/public-debt-and-the-long-run-neutral-real-interest-rate-narayana-kocherlakota\/","url_meta":{"origin":294,"position":4},"title":"Public Debt and the Long-Run Neutral Real Interest Rate | Narayana Kocherlakota","author":"ColinTwiggs","date":"August 19, 2015","format":false,"excerpt":"Extract from a speech by Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, in Seoul, South Korea on August 19, 2015: There has been a significant decline in the long-run neutral real interest rate in the United States over the past few years. This decline in the long-run\u2026","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"10-Year TIPS Yields","src":"https:\/\/i0.wp.com\/minneapolisfed.org\/~\/media\/images\/news_events\/pres\/nk-2015-aug20\/kocherlakota-seoul-8-20-2015-slide1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/minneapolisfed.org\/~\/media\/images\/news_events\/pres\/nk-2015-aug20\/kocherlakota-seoul-8-20-2015-slide1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/minneapolisfed.org\/~\/media\/images\/news_events\/pres\/nk-2015-aug20\/kocherlakota-seoul-8-20-2015-slide1.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":19585,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/12\/20\/cracks-are-showing-in-chinas-debt-markets\/","url_meta":{"origin":294,"position":5},"title":"Cracks are showing in China&#8217;s Debt Markets","author":"Colin Twiggs","date":"December 20, 2019","format":false,"excerpt":"\"You only learn who has been swimming naked when the tide goes out\u2026\" ~ Warren Buffett Beijing's de-leveraging campaign, to set the economy on a sustainable path, is starting to expose some of the excesses in financial markets. Local Government Local governments owe some 49 trillion yuan (about $7 trillion\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=294"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/294\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}