As I've already stated, and as Ben Bernanke already also stated in recent quotes, the debt you see is including financial intermediation ie...
When you have a mortgage which is packaged with other mortgages, which are then put into a securitization, that securitization debt is often consolidated on the balance sheets of the banks.
Is that so hard to understand?
No, welcome to the 2008 discussion threads where this was covered repeatedly.
Bernanke recently reiterated this point, since Z1 does not remove double/triple/quadruple counting of debt. Sorry you're too retarded to think logically and understand the metrics you spout as "reality". Some of us "technical" brainiacs actually know what we're talking about.
You're an idiot anbd a liar. Yet more lying attacks with not one valid point in them. Yes, you sure proved all of my posts saying the Z1 data was correct wrong. All zero of my posts saying anything about that.
And thanks for the requested correct charts, that would have made you a little useful for all the BS.
You're apparently so desparate to get one valid critcism of me that you have sunk to the level of posting a statement and then simply lying and saying that I'd said the opposite. Pathetic. Earn it.
Your problem here is, besides that I said nothing on the topic you posted, is that you can't draw me in to challenging you in the niche you know about - I don't challenge you in that one area you know.
That's why you just keeping making poopyhead name-calling posts, because you have nothing else.
You don't know yet to quit when you're behind and stop making a fool of yourself. Dr. Legend posting a valid technical point on finance doesn't somehow give Mr. Killer cover for his lies and idiocy.