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It Took $4 In New Debt To Create $1 In GDP
03-10-2017, 10:50 AM,
#1
It Took $4 In New Debt To Create $1 In GDP
It Took $4 In New Debt To Create $1 In GDP

<p>Bill Gross' letter discussing the credit deluge hitting the US came out at a convenient time: just as the Federal Reserve released its latest Flow of Funds report, which while most track to show the change in average household net worth - which is almost entirely a function of the stock market - we find it far more valuable for its nuanced information on the breakdown of US debt.</p>


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