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Need I even bother?
Rasputin - Sat, Jul 31, 2010 - 09:05 AM
Posting the relentless, week-after-week, month-after-month, year-after-year, and now DECADE-AFTER-DECADE credit growth, that is.
But since Doug Noland takes such great pains and care to amass the numbers in his "Credit Bubble Bulletin", found here:
http://www.prudentbear.com/index.php/creditbubblebulletinview?art_id=10416
...I guess the least I can do is cut and paste a few of sentences for this board's readers to peruse.
So, here are the latest stats on the ever-growing debt bubble:
"Elsewhere, Fed Foreign Holdings of Treasury, Agency Debt this past week (ended 7/28) jumped another $13.9bn (6-wk gain of $65.9bn) to a record $3.146 TN.
"Custody holdings" have increased $190bn y-t-d (11.2% annualized), with a one-year rise of $353bn, or 12.6%.
M2 (narrow) "money" supply expanded $11.9bn to $8.614 TN (week of 7/19). Narrow "money" has increased $103bn y-t-d, or 2.2% annualized.
International reserve assets (excluding gold)were up $1.421 TN y-o-y, or 20.2%, to a record $8.445 TN. "
(Ras Conclusion): Nearly two full years beyond the supposed "implosion" of the entire world's economic/financial system (and a full THREE years since the beginning of the McMansion bubble bust) we see that overall credit growth has never, not once, ever done anything but increase.
At what point does a perma-gloomer Ras get the hint that there will be no "Great Disintegration", "Great Depression II", or even a minor hiccup in the Infinite creation of credit?
In another ten years?
And tens of trillions of fiatscos?
Twenty years and hundreds of trillions of fiatscos?
LOL.
[ Post Last Edited By Rasputin on Sat, Jul 31, 2010 - 09:06 AM ]
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Need I even bother?
Rasputin - Sat, Jul 31, 2010 - 09:05 AM
M3el duderino - Sat, Jul 31, 2010 - 10:09 AM
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