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US debt level 2018Q1


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#1 gm_general

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Posted 09 June 2018 - 09:32 PM

Just a short note - I kind of said jokingly I expected the total outstanding debt in the June Fed Flow of Funds Report would be $70T. I was not far off the mark. 

 

The total came to be $69.7169T. Last quarter it was $68.7556T. The change is $961.3B, almost $1T, and a comparable to the 2017Q3 change. Again like then the major change was the federal government one, +$629.6B. This was followed by business debt at +$155B, then consumer debt at +$122.2B. The other changes were not as significant.



#2 da_cheif

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Posted 09 June 2018 - 10:13 PM

Just a short note - I kind of said jokingly I expected the total outstanding debt in the June Fed Flow of Funds Report would be $70T. I was not far off the mark. 

 

The total came to be $69.7169T. Last quarter it was $68.7556T. The change is $961.3B, almost $1T, and a comparable to the 2017Q3 change. Again like then the major change was the federal government one, +$629.6B. This was followed by business debt at +$155B, then consumer debt at +$122.2B. The other changes were not as significant.

debt  is just another word for money supply   ...debt is the result of a loan......a loan is an instant increase in the money supply.....watch the sky



#3 da_cheif

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Posted 09 June 2018 - 10:16 PM

us  money supply and debt

 

https://tradingecono...money-supply-m2

 

https://tradingecono...government-debt



#4 Data

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Posted 11 June 2018 - 08:38 AM

Publicly-held debt has declined since the end of March.  85 billion dollars in QE versus a run-rate of about 50 billion dollars in new debt assuming constant rate of issuance each month in EU and Japan.  The previous two months saw over 700 billion dollars in new debt after the resumption of the debt ceiling.



#5 gm_general

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Posted 11 June 2018 - 12:33 PM

The trouble with $70T in debt is that about $2.5T in interest is owed yearly on that debt. This amount is going up of course. And in the past decade, US debt has been rising at an average rate of over 4 times the rate the GDP is going up. That ratio is getting larger over time.