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Q3 - private US debt starts contracting


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#1 gm_general

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Posted 09 December 2023 - 11:04 AM

Below find a chart of US total debt by sector by quarter for recent years. For the last few years, total US private debt has been rising fairly consistently, until Q3 when it started contracting slightly. The largest contributor to this decline was the domestic financial sector, the decrease of which at -854B was larger than the increase in federal debt. Does anyone know why the big decline in this sector?



#2 slupert

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Posted 09 December 2023 - 05:38 PM

Below find a chart of US total debt by sector by quarter for recent years. For the last few years, total US private debt has been rising fairly consistently, until Q3 when it started contracting slightly. The largest contributor to this decline was the domestic financial sector, the decrease of which at -854B was larger than the increase in federal debt. Does anyone know why the big decline in this sector?

Under Financial sector I see it increasing, What exactly are you lookng at?



#3 Rogerdodger

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Posted 09 December 2023 - 09:43 PM

Too scary for me to watch: https://www.usdebtclock.org/



#4 gm_general

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Posted 09 December 2023 - 11:47 PM

I look at this
 
 
Total Outstanding debt by sector usually within a few days of original publishing. I see they have drastically altered those numbers, its only down about $133B in the latest, they lowered Q2 by $721B since the Sep 23 publishing.
 
Reported originally
Q1 20445.9 
Q2 20350.1 
Q3 19495.9
 
Now
Q1 19937.5 
Q2 19629.2 
Q3 19495.9 


#5 pdx5

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Posted 10 December 2023 - 12:36 PM

Too scary for me to watch: https://www.usdebtclock.org/

I look at that web-site whenever I am feeling too macho! It brings me down to earth faster than a shot of Fireball whiskey.


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#6 Rogerdodger

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Posted 10 December 2023 - 01:42 PM

This an interesting page, "Existing Home Sales" 

https://www.usdebtcl...home-sales.html

 

2021: 6,714,000

2023: 3,577,000