The Arthurian — A new "real debt" calculation

I thought of an easier way to do the "real" calculation for data that accumulates over multiple years. Debt is the obvious example of something that accumulates over multiple years.

Here's the calculation:

Take the change in debt as a share of nominal GDP, multiply it by the real GDP value for that period, and add the previous period's Real Debt value. That's it. That's the whole calculation....

The New Arthurian Economics
A new "real debt" calculation
The Arthurian

Art Shipman — You were saying about a bubble?

Is a short run upward blip a bubble when the long run trend is declining? Is the current stagnation a return to trend instead of a lagging recovery? Is real growth in decline?

Although Art doesn't mention it, others have noticed the relationship of growth to cost of energy and energy cost has been trending up since the Seventies oil embargo. Is increasing financialization of the economy related? Something to consider?

The New Arthurian Economics

You were saying about a bubble?

Art Shipman