!-) Continuation to Max/Min recovery and then reversal back to main trend
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Total US borrowing now stands at record high of 68 Trillion dollars. Last quarter borrowing was over a Trillion - second highest on record. Rise in non financial debt was at record high bringing the total NFD to a record high of over 48 Trillion dollars.Total Household debt expanded at 3.7% during last quarter.
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With global Bubble Dynamics a dominant characteristic of this cycle, it’s appropriate to place Rest of World (ROW) data near the top of Flow of Funds analysis. ROW holdings of U.S. Financial Assets jumped $724 billion (nominal) during the quarter to a record $26.347 TN. This puts growth over the most recent three quarters at a staggering $2.124 TN (16% annualized). What part of these flows has been associated with ongoing rapid expansion of global central bank Credit? It’s worth recalling that ROW holdings ended 2007 at $14.705 TN and 1999 at $5.639 TN. As a percentage of GDP, ROW holdings of U.S. Financial Assets ended 1999 at 57%, 2007 at 100%, and Q3 2017 at a record 135%.
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Wrap your head around thisTaiwan GDP@~0.5T
South Korea GDP@~1,5T
Vietnam GDP@~0.2T
Singapore, Hong Kong, Malaysia GDP@~0.3T - @~1T combined
Indonesia, Turkey GDP@~1T
Russia GDP@~1.3T
US GDP@~18T
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Just in case you've missed it - in the US - Freedom loving and industrious Social Security recipients "add" 6.5 Trillion dollars to the GDPDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.