{"id":74917,"date":"2009-12-10T13:57:00","date_gmt":"2009-12-10T18:57:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/actually-america-slowing-its-debt-binge-2009-12"},"modified":"2009-12-10T13:57:00","modified_gmt":"2009-12-10T18:57:00","slug":"actually-america-is-massively-slowing-its-debt-binge","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/74917","title":{"rendered":"Actually, America Is Massively Slowing Its Debt Binge"},"content":{"rendered":"<p><div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Today&#8217;s Flow of Funds report from the Federal Reserve shows that the U.S. grew its debt at the slowest rate in a decade during the third quarter of 2009.<\/p>\n<p>While federal and state debt exploded higher at a 20.6% and 5.1% annualized rate respectively, the private sector continued to massively deleverage.<\/p>\n<p>Thus America, as a whole, is slowing its debt binge.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b2140f20000000000a7c45a&amp;maxX=600\" border=\"0\" alt=\"Actually\" width=\"600\" \/><\/p>\n<p>The reason why we often miss this fact is that we like to focus on the government&#8217;s debt only, without also considering private individuals and companies &#8212; which are huge.<\/p>\n<p>America is an economy very much driven by the private sector, thus data for the government&#8217;s balance sheet alone doesn&#8217;t give a fair picture for the health of the nation.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.federalreserve.gov\/releases\/z1\/Current\/z1.pdf\"><span style=\"text-decoration: underline;\">Federal Reserve Statistical Release 10 Dec 2009:<\/span><\/a> Debt of the domestic nonfinancial sectors is estimated to have expanded at a seasonally adjusted annual rate of 2&frac34; percent in the third quarter of 2009, about 1&frac34; percentage points slower than in the previous quarter. Private debt contracted in the third quarter, while government debt expanded.<\/p>\n<p>Here&#8217;s the data, or find it all <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.federalreserve.gov\/releases\/z1\/Current\/z1.pdf\"><span style=\"text-decoration: underline;\">here<\/span><\/a><\/span>:<\/p>\n<p style=\"padding-left: 30px;\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b21427c000000000041b8e7\" border=\"0\" alt=\"Actually\" width=\"550\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/actually-america-slowing-its-debt-binge-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/banks-de-leveraging-at-rapid-fire-pace-2009-12\">Banks De-Leveraging At Rapid Fire Pace<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/developed-nations-in-furious-race-to-blow-aaa-ratings-and-enter-debt-crisis-irreversibility-2009-12\">Developed Countries Rapidly Blowing AAA Ratings And Entering Debt Crisis Danger Zone<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/timebomb-for-the-euro-greek-debt-poses-threat-to-the-common-currency-2009-12\">Time Bomb For The Euro: Greek Debt Poses Threat To The Common Currency<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/B6Sw5y2YOjc\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s Flow of Funds report from the Federal Reserve shows that the U.S. grew its debt at the slowest rate in a decade during the third quarter of 2009. While federal and state debt exploded higher at a 20.6% and 5.1% annualized rate respectively, the private sector continued to massively deleverage. Thus America, as a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-74917","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=74917"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74917\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=74917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=74917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=74917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}