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.

http://zfacts.com/p/461.html

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".

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