Tuesday, January 12, 2016

12/1/16: That Savage Deleveraging: Global Debt 2000-2015


Here's a neat summary chart based on data from BIS through June 2015, covering total global credit (debt) outstanding (excluding IMF debt), issued in three main currencies:


That savage deleveraging... it has been truly epically... unnoticeable... Oh, and one more thingy: the unsustainable build up of debt prior to the onset of the Global Financial Crisis (GFC) was just about the same as the increase in debt during the so-called deleveraging period since the onset of the GFC.

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