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|User Info||Shiller on decreasing debt; entered at 2011-05-17 21:21:05|
Registered: 2007-07-04 Glendale AZ
Got this in my John Maudlin email. Had not seen the numbers before. It confirms mine and others conviction that the so-called deleveraging is write-offs. In particular, mortgage debt. As Karl points out each month, consumer debt ex-student loans, is steadily decreasing.|
Last modified: 2011-05-17 21:21:47 by rmonical