A low volume, high quality source from the demand side perspective.The podcast is produced weekly. A transcript is posted on the day of.
Wednesday, May 31, 2006
We like our debt
With no comment, here is a chart of borrowing by major sector over the past twelve years.
This is borrowing by year, not aggregate or total debt. Federal borrowing shown here is the so-called "unified" budget, meaning the operating budget after it gets done raiding Social Security. In coming days, we'll put up some other charts from the Fed's release. Then we'll comment.