tag:blogger.com,1999:blog-11027528911364475.post2620544906968171376..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Is the Consumer Relevering?Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11027528911364475.post-72784432214869838082010-03-08T16:08:05.596-08:002010-03-08T16:08:05.596-08:00If they have not (delevered) by now I cannot imagi...If they have not (delevered) by now I cannot imagine what the catalyst would be. I think the banks have been on best behavior for a year but with the year long bull celebration in full effect tomorrow maybe the time is near for the big reflation bubble to start.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-52898123389300735242010-03-08T08:53:35.182-08:002010-03-08T08:53:35.182-08:00Jake,
I'm glad you posted this. As I have be...Jake, <br /><br />I'm glad you posted this. As I have been saying all along, the deleveraging we have sen was mainly a result of the decrease in nominal GDP. When you look at Debt to GDP numbers, they just never really went down that much. <br /><br />Deleveraging really hasn't begun in earnest...yet.Edward Harrisonhttps://www.blogger.com/profile/06078305973678479125noreply@blogger.com