Please show me the supposed deleveraging that has occurred or is occurring in this country? I keep hearing the MSM tell me that it’s time to spend again, now that we’ve deleveraged. It sure appears that we have reached a new all-time high of $55.3 trillion of credit market debt. I must be missing something.
Administrator says:
Another Storyline – New stock market highs – Real S&P 500 at 1996 levels
Well-loved. Like or Dislike:
5 
0
12th December 2012 at 8:21 pm
sangell says:
Yeah I’ve puzzled over this so called fact as well. Total debt is made up of what I owe, what businesses owe and what the government owes. All of it must be paid out of my ( everyone’s) income. From an accounting stand point I do not reduce my debt if I make my car payment to Ally bank because the government borrowed money to give me food stamps so I could make that car payment.
Its true I might get a better interest rate and longer term if the government borrows money so I can make the car payment the debt that I owe does not decrease. Its just like having dad co-sign the loan. You’ll get better terms but the ‘family’ still owes the debt.
Well-loved. Like or Dislike:
6 
1
12th December 2012 at 9:56 pm
THE DELEVERAGING STORYLINE « The Burning Platform « The Small "r" says:
[...] THE DELEVERAGING STORYLINE « The Burning Platform. Share this:Like this:LikeBe the first to like this. [...]
Like or Dislike:
0 
0
12th December 2012 at 12:12 pm