Who owns the US bond market?

Eric Garland Finance Trends 1 Comment

Further to my new report on Detroit’s default on its municipal bonds, StockTwits put up this fascinating graphic that shows just who owns the US bond market.

Look at all the names given to these various institutions:

Households” – private entities

mutual funds” – which are often owned by households

financial entities” – which are financed by households and who run the mutual funds

Federal Reserve” – which nobody knows exactly what the hell it is or how it relates to the common man

US government” – which is financed by households, and which guarantees that financial entities stay in business no matter what

foreign” – which could mean anything

All of these are really interconnected.

Nobody understands the interconnections.