On Oct 5, 2011, at 11:35 AM, Michael Pollak wrote:
> On Oct 5, 2011, at 11:25 AM, Doug Henwood wrote:
>
>> Household debt is almost $14 trillion, or about 100% of GDP. Of that, almost $10 trillion is mortgage and another $2.4 trillion is consumer (credit cards, auto loans, etc.). That might be a stretch for the USG to handle.
>
> Oy, you have a point. I was thinking housing debt, not household debt. Total brain fart on my part.
Housing debt is more than 2/3 the total!