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It's easy to grow fast while borrowing heavily, and that should be taken into account when looking at growth curves for various economic regions. Oil prices hav
by netjiro 8y ago
It's easy to grow fast while borrowing heavily, and that should be taken into account when looking at growth curves for various economic regions. Oil prices have also dropped from around $100 to $60 iirc.
2008-2018: total US debt (government, corporate, household, non-profit orgs) increased almost 9% from ca $68.1T to $74.1T, if you trust the numbers (https://www.nwcapitalsolutions.com/project/us-deleveraging-analysis-total-debt-to-gdp/ https://www.nwcapitalsolutions.com/project/us-deleveraging-a...)