Chart du Jour: What deleveraging?
The charts below, courtesy of Bianco Research (via The Big Picture), show U.S. private, government and total debt in both nominal terms (top graph) and as a percentage of GDP (bottom graph). In short, the deleveraging process still has a long way, and could cause a headwind for economic growth for many years to come. (Please note that the right-hand axis on the bottom chart should read “% of GDP” instead of “Trillions of dollars”.)
Click on the images below for larger charts.
More on this topic (What's this?)
Yahoo! Launches New Browser ‘Axis’, and Shoots Itself in the Foot (Value Investing, 5/24/12)
Elliott Management Buys Axis (HedgeFundBlogger.com by Richard ..., 3/27/15)
Ray Dalio: US Has Done a “Beautiful” Job Deleveraging (The Contrary Investing Report, 6/7/12)
Performance Optimization WordPress Plugins by W3 EDGE