The Daily Reckoning had a chart up today that’s more than a little interesting. Take a look.
Scary isn’t it. Keep in mind that this does not include real estate debt. The sheer volume that needs to be unwound is astonishing.
I think the chart might, however, overstate the problem. It doesn’t appear to be in constant dollars and isn’t adjusted for population growth. It might not be so bad if this was portrayed on a per capita or per household basis. If anyone out there has a chart like that or knows where I might find one I’d like to hear about it.
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