Via Constantin Gurdgiev's True Economics blog, [3]
Here's a neat summary chart based on data from BIS through June 2015, covering total global credit (debt) outstanding (excluding IMF debt), issued in three main currencies:
That savage deleveraging... it has been truly epically... unnoticeable...
[4]
Oh, and one more thingy: the unsustainable build up of debt prior to the onset of the Global Financial Crisis (GFC) was just about the same as the increase in debt during the so-called deleveraging period since the onset of the GFC.
This won't end well (again).
