Holy crap…look what we did with the credit market!

| January 25, 2009

Courtesy of a long chain of links (here’s where I found the graphic, over at Megan McArdle’s outstanding blog), here’s a chart showing total credit market debt as a percentage of US GDP:

I’m not sure that vastly expanding the money supply in the United States is the right answer.  ..bruce w..

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Category: Economics, Main, Recession Watch, Thrifty Living

About the Author ()

Webster is Principal and Founder at Bruce F. Webster & Associates, as well as an Adjunct Professor of Computer Science at Brigham Young University. He works with organizations to help them with troubled or failed information technology (IT) projects. He has also worked in several dozen legal cases as a consultant and as a testifying expert, both in the United States and Japan. He can be reached at bwebster@bfwa.com, or you can follow him on Twitter as @bfwebster.

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