Fed Quietly Revises Total U.S. Debt From 330% To 350% Of GDP, After "Discovering" Another $2.7 Trillion In Debt
October 12, 2015 at 05:22 AM EDT
The Fed has managed to kill two birds with one stone: it no longer provides a simple, one-stop-shop way to reconcile the total US credit stock, and it quietly boosted total US consolidated credit by $2.7 to $62.1 trillion as of June 30, 2015.
