{"id":9481,"date":"2014-03-12T19:56:33","date_gmt":"2014-03-12T23:56:33","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9481"},"modified":"2014-03-12T19:56:33","modified_gmt":"2014-03-12T23:56:33","slug":"high-public-debt-leads-to-prolonged-recessions","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/","title":{"rendered":"High public debt impedes recovery"},"content":{"rendered":"<p>This graph from a FRBSF paper <em>Private Credit and Public Debt in Financial Crises<\/em>, by \u00d2scar Jord\u00e0, Moritz Schularick, and Alan M. Taylor, perfectly illustrates how high public debt levels impede the ability of an economy to recover from a financial crisis:<\/p>\n<blockquote><p>Figure 3&#8230;&#8230;. shows that high levels of public debt can be a considerable drag on the recovery. The figure displays the path of per capita GDP in a typical recession compared with the paths under three scenarios following a financial crisis resulting from excess growth of private credit. Each of the three scenarios corresponds to a specified level of public debt at the start of the recession. The dotted line represents a low level of debt of about 15% as a ratio to GDP; the solid line represents a medium level of debt of about 50% of GDP, which is the historical average; and the dashed line represents a high level of debt of about 85% of GDP. <\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"420\" height=\"280\" title=\"Recessions and Public Debt Levels\" alt=\"Recessions and Public Debt Levels\" src=\"https:\/\/i0.wp.com\/www.frbsf.org\/economic-research\/files\/2014-07-3.png?resize=420%2C280\" \/><\/p>\n<p>Read more at <a href='http:\/\/www.frbsf.org\/economic-research\/publications\/economic-letter\/2014\/march\/private-credit-public-debt-financial-crisis\/'>Federal Reserve Bank San Francisco | Private Credit and Public Debt in Financial Crises<\/a>.<\/p>\n<p>Hat tip to Barry Ritholz<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This graph from a FRBSF paper Private Credit and Public Debt in Financial Crises, by \u00d2scar Jord\u00e0, Moritz Schularick, and Alan M. Taylor, perfectly illustrates how high public debt levels impede the ability of an economy to recover from a financial crisis: Figure 3&#8230;&#8230;. shows that high levels of public debt can be a considerable &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;High public debt impedes recovery&#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],"tags":[2808,2880,3189],"class_list":["post-9481","post","type-post","status-publish","format-standard","hentry","category-debt-levels","tag-public-debt","tag-recession","tag-sovereign-debt-crisis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>High public debt impedes recovery - 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=\"High public debt impedes recovery - the patient investor\" \/>\n<meta property=\"og:description\" content=\"This graph from a FRBSF paper Private Credit and Public Debt in Financial Crises, by \u00d2scar Jord\u00e0, Moritz Schularick, and Alan M. Taylor, perfectly illustrates how high public debt levels impede the ability of an economy to recover from a financial crisis: Figure 3&#8230;&#8230;. shows that high levels of public debt can be a considerable &hellip; Continue reading &quot;High public debt impedes recovery&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/\" \/>\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=\"2014-03-12T23:56:33+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png\" \/>\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\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"High public debt impedes recovery\",\"datePublished\":\"2014-03-12T23:56:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/\"},\"wordCount\":182,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png\",\"keywords\":[\"public debt\",\"Recession\",\"sovereign debt crisis\"],\"articleSection\":[\"Debt Levels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/\",\"name\":\"High public debt impedes recovery - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png\",\"datePublished\":\"2014-03-12T23:56:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage\",\"url\":\"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png\",\"contentUrl\":\"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"High public debt impedes recovery\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"High public debt impedes recovery - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"High public debt impedes recovery - the patient investor","og_description":"This graph from a FRBSF paper Private Credit and Public Debt in Financial Crises, by \u00d2scar Jord\u00e0, Moritz Schularick, and Alan M. Taylor, perfectly illustrates how high public debt levels impede the ability of an economy to recover from a financial crisis: Figure 3&#8230;&#8230;. shows that high levels of public debt can be a considerable &hellip; Continue reading \"High public debt impedes recovery\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2014-03-12T23:56:33+00:00","og_image":[{"url":"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"High public debt impedes recovery","datePublished":"2014-03-12T23:56:33+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/"},"wordCount":182,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage"},"thumbnailUrl":"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png","keywords":["public debt","Recession","sovereign debt crisis"],"articleSection":["Debt Levels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/","name":"High public debt impedes recovery - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage"},"thumbnailUrl":"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png","datePublished":"2014-03-12T23:56:33+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#primaryimage","url":"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png","contentUrl":"http:\/\/www.frbsf.org\/economic-research\/files\/2014-07-3.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-public-debt-leads-to-prolonged-recessions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"High public debt impedes recovery"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-2sV","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":9474,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/how-a-private-credit-boom-can-lead-to-a-sovereign-debt-crises-frbsf\/","url_meta":{"origin":9481,"position":0},"title":"How a private credit boom can lead to a sovereign debt crises | FRBSF","author":"ColinTwiggs","date":"March 12, 2014","format":false,"excerpt":"From a FRBSF paper Private Credit and Public Debt in Financial Crises by \u00d2scar Jord\u00e0, Moritz Schularick, and Alan M. Taylor: Recovery from a recession triggered by a financial crisis is greatly influenced by the government\u2019s fiscal position. A financial crisis puts considerable stress on the government\u2019s budget, sometimes triggering\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":9477,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/12\/high-credit-growth-prolongs-recessions\/","url_meta":{"origin":9481,"position":1},"title":"High credit growth prolongs recessions","author":"ColinTwiggs","date":"March 12, 2014","format":false,"excerpt":"Research by the Federal Reserve Board of San Francisco shows how high credit growth prior to a financial crisis can prolong the recession by three or more years. The graph below compares the average recovery time for a normal recession to recessions preceded by low credit growth [blue or red]\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":"Recession Recovery Time","src":"https:\/\/i0.wp.com\/www.frbsf.org\/economic-research\/files\/2014-07-2.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3904,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/21\/us-public-debt-growing-at-unsustainable-rate\/","url_meta":{"origin":9481,"position":2},"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":[]},{"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":9481,"position":3},"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":2618,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/14\/private-sector-debt-growth-warns-of-anemic-recovery\/","url_meta":{"origin":9481,"position":4},"title":"Private sector debt growth warns of anemic recovery","author":"ColinTwiggs","date":"December 14, 2011","format":false,"excerpt":"The cause of current anemic GDP growth is evident from the recently-released Z1 Flow of Funds report. GDP recovery from 2008\/2009 is accompanied by only a modest rise in Domestic (Non-Financial) Debt -- which is now constraining further growth. Domestic (Non-Financial) Debt is made up of Government Debt and Private\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":3345,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/whats-going-on-with-debt-in-u-s-real-time-economics-wsj\/","url_meta":{"origin":9481,"position":5},"title":"What\u2019s Going on With Debt in U.S.? &#8211; Real Time Economics &#8211; WSJ","author":"ColinTwiggs","date":"January 25, 2012","format":false,"excerpt":"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\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\/9481","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=9481"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9481\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}