Saturday, September 24, 2016

For its remarkable symmetry

Private Non-Financial Debt (blue) and Gross Federal Debt (red) both indexed to 1975


The Arthurian said...

Two bulges: one in the 1990s, and one that started around 2009.

The second half of the 1990s bulge was the time of the "macroeconomic miracle".

The second half of the current bulge is just ready to begin.

Once again, I predict vigor.

Comparing the size of the two bulges, the vigor this time could be stronger and last longer than the vigor of the 1990s.

We shall see.

The Arthurian said...

Oh, and I'm gonna say: No recession anytime soon. Recession comes when the bulge closes.