Back in May, I showed you a chart of Total U.S. Debt which demonstrated that the United States was an increasingly indebted country. This chart was for all domestic debt minus financials and it topped out at about 225% of GDP.
Below is the same chart for the U.S., except this time I have added domestic financial and foreign debt, so it represents all debt outstanding in the United States.
The U.S. Debt to GDP ratio starts out just below 125% in 1952 and rises steadily to an enormous 333.8% ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.