Trechinsky

The debt situation in both the United States and other OECD Countries are analyzed, and today most economists agree that a “credit squeeze” is the most suitable word to describe last year’s outbreak of financial crisis.  Source: http://stats.oecd.org

The historical comparison is relevant. The Credit Market in the hegemonic U.S. has never been greater in relation to the economy than today – even compared with the 1930′s.

Today the total Credit Market in U.S. is almost four times the size of GDP. Lately this growth has been increased by the U.S. governments billions of dollars in rescue packages.