...
or maybe another way to understand whether a big financial crisis is
about to explode
globinfo
freexchange
Just before
the 2007-08 big financial crisis hit its more critical stage, Sep.
2008, and the proposal of the 700 billion bailout to the banks
(http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308),
from the fourth quarter of 2007 to the second quarter of 2008, the US
debt held by the Federal Reserve banks, dropped dramatically, from
740.6 billion to 478.8 billion, or, by more than 35%. (chart I)
In terms of
GDP for the same period, the US debt held by the Federal Reserve
banks, dropped from 5.04% of GDP to 3.23% of GDP. (chart II)
But the big
picture comes if we dig back to the available data. From the
corresponding charts (III and IV) since 1970 until
today, it is clear that we cannot see such an abrupt drop of the debt
held by the Federal Reserve.
See
also:
US debt held by the Federal Reserve at the end of 2013: A new record high!
A closer look: http://failedevolution.blogspot.gr/2014/11/us-debt-held-by-fed-further-interesting.html
A closer look: http://failedevolution.blogspot.gr/2014/11/us-debt-held-by-fed-further-interesting.html
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