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The US Debtberg Hits $73 Trillion, Up $1 Trillion In Last 90 Days

Summary:
Financial sector debt expanded 7 billion during the quarter (8bn y-o-y) to .444 TN, and Foreign U.S. borrowings increased 0 billion (bn y-o-y) to .051 TN. Total (NFD, Financial and Foreign) System debt expanded 8 billion during the quarter to a record .073 TN. Going all the way back to Q4 2017, Q1’s system-wide Credit expansion was second only to Q1 ‘18’s .002 TN. http://creditbubblebulletin.blogspot.com/2019/06/weekly-commentary-q1-2019-z1-flow-of.html

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Financial sector debt expanded $127 billion during the quarter ($368bn y-o-y) to $16.444 TN, and Foreign U.S. borrowings increased $130 billion ($88bn y-o-y) to $4.051 TN. Total (NFD, Financial and Foreign) System debt expanded $978 billion during the quarter to a record $73.073 TN. Going all the way back to Q4 2017, Q1’s system-wide Credit expansion was second only to Q1 ‘18’s $1.002 TN.

http://creditbubblebulletin.blogspot.com/2019/06/weekly-commentary-q1-2019-z1-flow-of.html

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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