January 28, 2012

IF ONLY THE GOVERNMENT COULD DO AS WELL: The great deleveraging event – household debt has fallen 4 percent since recession hit. On the other hand, there’s this: “This is good news right? Well yes but the reality of this ‘good news’ is that two-thirds of this debt reduction came from home loan foreclosures and default on other debt.” So maybe not.

Comments are closed.