America's New Ponzi Game
Non-financial corporations in USA; Grey areas = recessions according to NBER
(Billion $ cumulative change since start of the cycle )
Created with Raphaƫl 2.1.2
Debt** since 2001
-600
0
1,000
2,000
3,000
4,000
4,500
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Debt** since 2009
Surplus* since 2009
Surplus* since 2001
Debt** since 2001
* Net value added minus compensation of employees (net surplus, 12-month trailing sums)
** Total credit (debt securities and loans, 12-month trailing averages)
Source:
BEA
,
Federal Reserve
|
@KeineWunder
|
www.weitwinkelsubjektiv.com
|
Date: 23.06.2016
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