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• https://www.zerohedge.com Via EconomicPrism'sAccording to research from the Securities Industry and Financial Markets Association, as of November 2018, non-financial corporate debt has grown to more than $9.1 trillion [ed note: this number refers to securitized debt and business loans, other corporate liabilities would add an additional $11 trillion for a total of $20.5 trillion].
US non-financial corporate debt takes flight – the post 2008 crisis trajectory is breath-taking, to say the least [PT]
What is the significance of $9.1 trillion? And what are its looming repercussions? Here, for your edification, we'll take a moment to properly characterize this number.
For one, non-financial corporate debt of $9.1 trillion is nearly half of real U.S. gross domestic product. Hence, the realization of profits by private businesses has required a substantial accumulation of debt. And this debt, like much of today's outstanding debt, is shaping up to be reckoned with at the worst possible time.