Fed Attempts To Hide Most Important Economic Metric - ChartWord Makes Sure It Stays In Spotlight

You knew and loved it as Total Credit Market Debt Outstanding as seen on FRED. Then it conveniently disappeared

Then you knew it by the catchy name All Sectors; Credit Market Instruments, Liability, Level. Then it conveniently disappeared again

Now it's referred to as L.100 Domestic Nonfinancial Sectors, Total liabilities, and it can be found on page 74 of the Fed's Z.1 release. Next quarter it will probably have some new, weird name. In the meantime you know what it is - the most important economic metric in the world.

The actual figure is $61.1 trillion, a new all-time high, but as with GDP and corporate earnings, it's not the nominal value that matters - it's the rate of growth...