billybong Posted March 18, 2016 Share Posted March 18, 2016 (edited) That seems to suggest that since the global financial crisis (GFC) Chinese household debt has been growing annually at an average rate of about +27% a year as a percent of GDP - and annually averaging maybe +15% for the years shown before the GFC. So since the economic collapse (say 7 years ago) it would have increased by a factor of about 5 times? A pretty staggering amount (and not to mention how much it must have increased additionally if taking into account all the additional years back to 1987 - when the Chinese data starts in the chart). If so then no wonder so many wealthy Chinese have been turning up in the UK to buy up UK/London housing and setting the house prices. Not only do the UK people have to contend with the UK's own debt but they have to contend with Chinese debt growing exponentially as well - and that with the Chinese economy already more than 3 times the size of the UK'S in GDP terms. Crazy crazy crazy stuff from the people "running" the UK economy and of course the UK VIs are just looking to line their own pockets. According to the link below UK household debt has delevered a bit as a percentage of GDP (page 26 chart) and as a percentage of household income (page 7 chart) since the GFC. http://www.mckinsey.com/global-themes/employment-and-growth/debt-and-not-much-deleveraging Edited March 19, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted March 21, 2016 Share Posted March 21, 2016 (edited) Edited March 21, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
R K Posted March 23, 2016 Share Posted March 23, 2016 Take a bow Fred. Bank of England @bankofengland #boeqb see how the size of bank failures in the UK have varied since 1990 http://goo.gl/gt4akr Quote Link to comment Share on other sites More sharing options...
R K Posted March 28, 2016 Share Posted March 28, 2016 What "bubble"? St. Louis Fed @stlouisfed See how many new houses were for sale every month going back to 1963 http://******/1VGuu7D Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 31, 2016 Share Posted March 31, 2016 It's not a ladder after all Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 31, 2016 Share Posted March 31, 2016 Rep. of Ireland goes batshit mental for derivatives. Synthetic debt creation 'off the scale' relative to GDP. China the explanation? https://confoundedinterest23.wordpress.com/2016/03/31/not-safe-chinas-central-bank-starts-buying-stocks-via-spv-a-new-low-for-manipulation/ UK leading the rest of the pack. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 6, 2016 Share Posted April 6, 2016 (edited) House sizes across the world with the UK at the bottom of the list as smallest http://greenlivingpedia.org/House_size_comparisons Country House size (m²) Australia 214.6 United States 201.5 New Zealand 196.2 Denmark 137.0 Greece 126.4 Belgium 119.0 Netherlands 115.5 France 112.5 Germany 109.2 Luxembourg 104.1 Spain 96.6 Austria 96.0 Ireland 87.7 Finland 87.1 Sweden 83.0 Portugal 82.2 Italy 81.5 United Kingdom 76 They might be the smallest but they're amongst the most expensive. Edited April 6, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted April 6, 2016 Share Posted April 6, 2016 76m2 if only. Almost palatial! Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 7, 2016 Share Posted April 7, 2016 A Secular Change In Interest Rates Since Wwii Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 8, 2016 Share Posted April 8, 2016 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 8, 2016 Share Posted April 8, 2016 Whilst there are issues with GDP as an meaningful measure, even using the data shows the terminal decline in GDP growth in the global economy. All that debt and very little growth to show for it. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 19, 2016 Share Posted April 19, 2016 (edited) The link below shows oil production by country. Dated 2009 but interesting for relative production figures (then). Posted for the data - not for any opinions expressed in the text (opinions which could be right or could be wrong). Dated 2009 http://peak-oil.org/peak-oil-reference/peak-oil-data/production-and-peak-dates-by-country/ Edited April 19, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted April 21, 2016 Share Posted April 21, 2016 Quote Link to comment Share on other sites More sharing options...
billybong Posted April 27, 2016 Share Posted April 27, 2016 (edited) Dated 2010 http://investmentwatchblog.com/economic-growth-per-dollar-of-debt-increase/ Economic growth per dollar of debt increase: Dated 09/12/2013 http://www.zerohedge.com/news/2013-09-12/five-years-later-18-dollars-debt-every-dollar-gdp-total-g7-debtgdp-440 Five Years Later: 18 Dollars Of Debt For Every Dollar Of GDP Edited April 27, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
R K Posted April 27, 2016 Share Posted April 27, 2016 RBS Economics @RBS_Economics The changing shape of the UK economy. Here's the 20 fastest growing sectors since 1990. Quote Link to comment Share on other sites More sharing options...
R K Posted April 27, 2016 Share Posted April 27, 2016 RBS Economics @RBS_Economics What we do a lot less of. Here's the 20 sectors of the UK economy with the biggest output falls since 1990. Quote Link to comment Share on other sites More sharing options...
Drat Posted April 27, 2016 Share Posted April 27, 2016 So what you are saying R K is that we are rapidly turning in to the "B" Ark? Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted April 27, 2016 Share Posted April 27, 2016 Thats OK, we are the centre for the rich and the banksters. Quote Link to comment Share on other sites More sharing options...
billybong Posted May 4, 2016 Share Posted May 4, 2016 (edited) "Debt Is The Cause, Not The Cure"- Why $19 Trillion In Debt 'Is' A Problem http://www.zerohedge.com/news/2016-05-02/debt-cause-not-cure-why-19-trillion-debt-problem ... The economy is currently requiring roughly $4 of debt to create $1 of economic growth. A reversion to a structurally manageable level of debt would involve a nearly $30 Trillion reduction of total credit market debt from current levels. ... (The $4 to $1 ratio seems to apply to government debt - total increase in debt (2009 to 2015) is $7.75 trillion, total increase in real GDP is $2.08 trillion so $ of debt/$1 of GDP IS 3.71) US total debt is about £62 trillion (government debt is about $18/19 trillion) US GDP is about $19 trillion. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) 2% GDP growth is about $0.4 trillion. So extra government debt for 2% GDP growth is currently about $1.6 trillion a year when they already have difficulty servicing the massive existing debt. Need to reduce total debt by $30 trillion (down from $60 trillion) when they always want to increase it. https://www.washingtonpost.com/news/the-fix/wp/2015/01/07/the-story-behind-obama-and-the-national-debt-in-7-charts/ ..................the national debt has increased by $7.4 trillion. On January 20, 2009, it stood at $10.6 trillion; on Monday, it was at $18 trillion. Edited May 4, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted May 4, 2016 Share Posted May 4, 2016 (edited) China Jan. 6, 2016 http://uk.businessinsider.com/china-debt-to-gdp-statistics-2016-1 How China accumulated $28 trillion in debt in such a short time That's $28 trillion total debt Government debt currently about $5.4 trillion. Chinese GDP is about $10 trillion. (For comparison the US total debt is about $62 trillion and the government debt is about $19 trillion - GDP about $19 trillion). http://www.zerohedge.com/news/2016-01-28/could-be-problem-chinas-debt-gdp-rises-gargantuan-346 http://www.zerohedge.com/news/2016-04-24/chinas-brave-new-math-24-28-provinces-report-higher-gdp-national-average Using the US ratio of 4/1 in the post above this one then to get their 6% annual GDP "growth" (about $0.6 trillion extra growth each year) it would suggest that their debt would have to increase by about $2.4 trillion annually (using the 4/1 ratio). However apparently their debt actually grew by at least $1 trillion in three months which would be an extra $4 trillion annually (rather than the $2.4 trillion). http://www.zerohedge.com/news/2016-04-24/chinas-brave-new-math-24-28-provinces-report-higher-gdp-national-average And since in the subsequent three months, China added another $1 trillion in loans or about 10% of GDP So an extra $4 trillion annually seems to imply that for an extra annual growth figure of $0.6 trillion (6%) they actually have a $ of debt/$1 of GDP ratio of about 6.7/1 - of course in reality it might seem to be anyone's guess. In any event whatever the actual growth figure actually is or will be it seems that their total debt/GDP ratio is increasing by about 40% a year. Edited May 4, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted May 13, 2016 Share Posted May 13, 2016 (edited) Canada According to tradingeconomicsCanada's GDP is about 1.785 trillion US dollars (2014 figure).Canada's private sector credit is about 3.67 trillion Canadian dollars (February 2016 figure) = 2.82 trillion US dollars (1.3 exchange rate).So that would make private sector debt to GDP ratio of about 158%.http://www.tradingeconomics.com/canada/gdpGDP in Canada is reported by the World Bank Grouphttp://www.tradingeconomics.com/canada/private-sector-creditPrivate Sector Credit in Canada is reported by the Statistics CanadaAdd in government, corporate and financial institution debt and the ratio for total debt relative to GDP must be over 300%. (Not including any off balance sheet debt and other liabilities). Edited May 14, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted May 16, 2016 Share Posted May 16, 2016 NHBC NEW HOME STATISTICS ANNUAL REVIEW 2015 http://www.nhbc.co.uk/cms/publish/consumer/NewsandComment/Stats/2015_Annual_Stats.pdf Quote Link to comment Share on other sites More sharing options...
billybong Posted May 18, 2016 Share Posted May 18, 2016 (edited) UK Dated January 3, 2016 http://www.primeeconomics.org/articles/1ovlcjevgwisgyoxbt8by6k0sbnu7s 2015: Private Debt and the UK Housing Market Moderate growth in the mortgage market may conceal deeper problems: household debt-to-income ratios have fallen since the crisis but, at around 140% of GDP, remain high both in historical terms and compared to other advanced nations. According to eurostat Private sector debt, consolidated - % of GDP was about 158% in 2015 http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tipspd20&plugin=1 Edited May 18, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted May 18, 2016 Share Posted May 18, 2016 Quote Link to comment Share on other sites More sharing options...
billybong Posted May 22, 2016 Share Posted May 22, 2016 (edited) http://www.zerohedge.com/news/2016-05-22/time-now-markets-price-chinas-next-slowdown-gloomy-morgan-stanley-warns With it now taking 6.5 units of debt to produce 1 unit of GDP, additional gains from the lending channel are limited, in our view. China data already suggest diminishing returns from a flagging stimulus. Edited May 22, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
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