there sure has been a lot of talk about how during this recession, consumers were "getting their houses in order" and paying down debt....
Posted by
x (aka dmuck)
Dec 14 '10, 06:12
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so it's sort of fascinating to me to see that the most recent fed funds report shows that the country's nonfinancial debt stands a whole whopping 2% lower than its bubble peak, checking in at a pretty highly leveraged (if you ask me, anyhow) 243% of gdp.
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