Long Term View of Debt and GDP

We are way, way above the long term trend-line, and usually these huge overshoots result in an overshoot to the other extreme.

Thanks to Comstock for the original chart, the irreverant stuff is by me.

http://www.comstockfunds.com/default.aspx/MenuItemID/139/MenuGroup/Home.htm

Don't know your past, don't know your future.