Markets
Comparing the Value of Credit in the U.S. to GDP
September 19, 2025
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period.
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period.
Private pension funds typically have much smaller funding gaps than their government counterparts.
Over the past couple decades, households' real estate equity and direct stock ownership have moved in lockstep.
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.
Roughly 42% of FDIC deposits in the U.S. are uninsured.
U.S. equity net issuance rose by $465 billion in the second quarter.
A long-term look at S&P 500 real earnings yield
Some interesting charts from our recent posts
Today's topics include dissecting the Fed's latest dot plots, post-Fed op-eds, Miran's dissent accomplished at least one thing, Fed cuts don't ensure lower 10-year yields, understanding Fedspeak, an eye on funding markets as quarter-end approaches, any variation on the Taylor rule suggests rates are too low, a K-shaped economy, what drives mortgage rates?, and tech outperformance over past decade reflects earnings outperformance
Jim Bianco joins Bloomberg to discuss today’s Fed Meeting, Tariffs, Inflation, AI, & the Global Economy with Francine Lacqua.
Jim Bianco joins Bloomberg to discuss today’s Fed Meeting, Tariffs, Inflation, AI, & the Global Economy with Francine Lacqua.