That’s trln with a “t” folks…

  • Debt contracted 0.6%, slowest pace since late 2008
  • Govt debt expands 14.6% annual pace from 16%pace in Q3
  • State and local dent expand at 7.9% annual pace in Q4 from 5.4% in Q4
  • US non-financial firms have $1.9 trln in liquid assets in Q4, up from $1.8 trln in Q3