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The debt numbers are especially interesting if we also consider a $10.5 trillion national debt.

Correction: The U.S. national debt is now over $11 trillion and $4.5 is reflected in treasuries debt listed in previous post (probably higher now). The remaining amount of national debt is borrowed from social security and other government trust funds.

Also, U.S housing stock was estimated by Federal Reserve at $20 trillion in Dec 2007. I’ll estimate $17 trillion now. Minus $7 trillion mortgage debt gives about $10 trillion housing equity.

So $10 T housing equity+ $9 T equity market gives total equity of about $19 trillion.
Total debt from table (and national debt) is approximately $35 trillion.

I know these numbers are not complete, but still, "Lots of Debt to Equity".

(This has nothing to do with the thread, but I like numbers)
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