{"id":3345,"date":"2012-01-25T18:18:27","date_gmt":"2012-01-25T23:18:27","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3345"},"modified":"2012-01-25T18:18:27","modified_gmt":"2012-01-25T23:18:27","slug":"whats-going-on-with-debt-in-u-s-real-time-economics-wsj","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/","title":{"rendered":"What\u2019s Going on With Debt in U.S.? &#8211; Real Time Economics &#8211; WSJ"},"content":{"rendered":"<p>The chart shows clearly the build up of debt heading into the bust, and the subsequent deleveraging. Overall public and private debt, by this measure, peaked at 302% of GDP in the first quarter of 2009. Since then, it has fallen to 279% as the economy has grown and some private players have lightened their debt loads.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/online.wsj.com\/media\/mckinsey-delever1.JPG?w=525\" alt=\"US Debt by Sector as Percentage of GDP\" \/><\/p>\n<p>via <a href=\"http:\/\/blogs.wsj.com\/economics\/2012\/01\/23\/whats-going-on-with-debt-in-u-s\/\">What\u2019s Going on With Debt in U.S.? &#8211; Real Time Economics &#8211; WSJ<\/a>.<\/p>\n<p>Comment: ~ The Financial sector can be ignored as this merely acts as a conduit for, and mirrors, the other sectors. My concern is that Government debt is growing at a faster rate than the fall in Household and Nonfinancial Corporations debt. That is unsustainable and is likely to reverse after the November elections. At which point the economy will contract.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chart shows clearly the build up of debt heading into the bust, and the subsequent deleveraging. Overall public and private debt, by this measure, peaked at 302% of GDP in the first quarter of 2009. Since then, it has fallen to 279% as the economy has grown and some private players have lightened their &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What\u2019s Going on With Debt in U.S.? &#8211; Real Time Economics &#8211; WSJ&#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":[45,34],"tags":[962,2766,2808],"class_list":["post-3345","post","type-post","status-publish","format-standard","hentry","category-debt-levels","category-us-canada-countries-regions","tag-debt-crisis","tag-private-debt","tag-public-debt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What\u2019s Going on With Debt in U.S.? - Real Time Economics - WSJ - 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=\"What\u2019s Going on With Debt in U.S.? - Real Time Economics - WSJ - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The chart shows clearly the build up of debt heading into the bust, and the subsequent deleveraging. Overall public and private debt, by this measure, peaked at 302% of GDP in the first quarter of 2009. Since then, it has fallen to 279% as the economy has grown and some private players have lightened their &hellip; Continue reading &quot;What\u2019s Going on With Debt in U.S.? &#8211; Real Time Economics &#8211; WSJ&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-25T23:18:27+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/online.wsj.com\/media\/mckinsey-delever1.JPG\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"What\u2019s Going on With Debt in U.S.? &#8211; Real Time Economics &#8211; WSJ\",\"datePublished\":\"2012-01-25T23:18:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/\"},\"wordCount\":145,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/online.wsj.com\/media\/mckinsey-delever1.JPG\",\"keywords\":[\"debt crisis\",\"Private Debt\",\"public debt\"],\"articleSection\":[\"Debt Levels\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/\",\"name\":\"What\u2019s Going on With Debt in U.S.? - Real Time Economics - WSJ - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/online.wsj.com\/media\/mckinsey-delever1.JPG\",\"datePublished\":\"2012-01-25T23:18:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#primaryimage\",\"url\":\"http:\/\/online.wsj.com\/media\/mckinsey-delever1.JPG\",\"contentUrl\":\"http:\/\/online.wsj.com\/media\/mckinsey-delever1.JPG\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What\u2019s Going on With Debt in U.S.? &#8211; Real Time Economics &#8211; WSJ\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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In this setting, financial repression in its many guises with its\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":8494,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/26\/buy-yen-on-debt-debacle-wsj\/","url_meta":{"origin":3345,"position":1},"title":"Buy Yen on Debt Debacle? | WSJ","author":"ColinTwiggs","date":"September 26, 2013","format":false,"excerpt":"Ian Talley at WSJ reports: In, \u201cThe Curious Case of the Yen: A Safe Haven Currency without Inflows\u201d (see p.142) the IMF studied 11 shocks between the August 1990 U.S. savings and loan crisis and the August 2011 U.S. debt ceiling confrontation that pushed the volatility index 10 percentage points\u2026","rel":"","context":"In &quot;Forex&quot;","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14239,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/09\/28\/government-aims-for-wrong-target-on-debt-macrobusiness\/","url_meta":{"origin":3345,"position":2},"title":"Government aims for wrong target on debt | MacroBusiness","author":"ColinTwiggs","date":"September 28, 2016","format":false,"excerpt":"Macrobusiness quotes LF Economics' submission to the House of Representatives Budget Savings (Omnibus) Bill 2016: ....It is critical policymakers reign in exponentially-growing private sector debts as this consists of a major source of future financial instability. Australia\u2019s household debt to GDP ratio is the highest in the world, at 125%\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/09\/screenhunter_15143-sep-28-10-37-660x382.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/09\/screenhunter_15143-sep-28-10-37-660x382.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/09\/screenhunter_15143-sep-28-10-37-660x382.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":1910,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/keynes-vs-hayek-bullard-knows-which-one-floats-his-boat-real-time-economics-wsj\/","url_meta":{"origin":3345,"position":3},"title":"Keynes vs. Hayek? Bullard Knows Which One Floats His Boat &#8211; Real Time Economics &#8211; WSJ","author":"ColinTwiggs","date":"November 15, 2011","format":false,"excerpt":"[St. Louis Fed President James Bullard] notes Keynes\u2019 axiom that governments should borrow to stimulate demand when the private sector falters is being proved false by the way markets are reacting to ballooning deficit spending in Europe. The [lesson of the] European crisis is \u201cyou do not want your country\u2026","rel":"","context":"In &quot;Economic Theory&quot;","block_context":{"text":"Economic Theory","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/economic-theory\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3188,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/20\/the-path-to-recovery-how-to-bring-the-debt-binge-under-control\/","url_meta":{"origin":3345,"position":4},"title":"The path to recovery: how to bring the debt binge under control","author":"ColinTwiggs","date":"December 20, 2011","format":false,"excerpt":"The debt binge since 1975, fueled by an easy-money policy from the Fed, has landed the US economy in serious difficulties. Wall Street no doubt lobbied hard for debt expansion, because of the boost to interest margins, with little thought as to their own vulnerability. There can be no justification\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":"","src":"","width":0,"height":0},"classes":[]},{"id":3904,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/21\/us-public-debt-growing-at-unsustainable-rate\/","url_meta":{"origin":3345,"position":5},"title":"US public debt growing at unsustainable rate","author":"Colin Twiggs","date":"March 21, 2012","format":false,"excerpt":"We often blame Fed monetary policy for the GFC, with interest rates at exceptionally low levels leading to \"Greenspan's bubble.\" Treasury was just as culpable, however, with the massive 2004-2005 surge in public debt flooding the market with liquidity. The repeat in 2008-2011 was more justifiable: the spike in public\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":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3345","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=3345"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3345\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}