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Home > Scary Graphs Inside! Come look and turn your hair white!

Scary Graphs Inside! Come look and turn your hair white!

January 9th, 2007 at 07:41 pm

Source:

Text is Sudden Debt and Link is http://suddendebt.blogspot.com/2007/01/some-rather-unpleasant-charts-chart.html
Sudden Debt



The next chart shows how much money was taken out during the housing bubble in the form of equity withdrawal (the Fed estimates that 2/3 of this money was consumed - not saved). The amount is now going down fast and the impact is being felt in the retail sector.

I excised some text blaming the spending on plasma TVs.

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