Summarizing The True Sad State Of The World In Two Charts

Tyler Durden's picture

You can listen to CNBC, and the president, drone on about the recovery, about the wealth effect, about trickle-down economics, about why adding $150 billion in debt per month is perfectly acceptable, and about a brighter future for America and the world... or you can take a quick look at these two charts and immediately grasp the sad reality of where we stand, and even sadder, where we are headed.

Chart 1

Chart 2

Source: BIS and NYT