▲
1
0
▼

Deleveraging has to happen no matter what


 invite response                
2012 Sep 20, 8:21am   2,820 views  6 comments

by uomo_senza_nome   ➕follow (0)   💰tip   ignore  

http://comstockfunds.com/default.aspx?act=newsletter.aspx&category=SpecialReport&AspxAutoDetectCookieSupport=1

We also believe the private debt generated during the manias will continue to be deleveraged as the economy struggles. It is hard to believe the economy will be able to rebound since the excess H/H sector debt will continue to restrict consumer spending. When the H/H debt is so much higher than the norms relative to PDI and GDP and the deleveraging is already underway, the best scenario possible is very slow growth and the worst scenario is a depression.

Comments 1 - 6 of 6        Search these comments

1   37108605   2012 Sep 22, 12:53am  

E-man says

The quickest way to deleverage is to default on your debt.

IMHO it may also be the quickest way to find oneself in JAIL.

2   Eman   2012 Sep 22, 5:11am  

Reader says

E-man says

The quickest way to deleverage is to default on your debt.

IMHO it may also be the quickest way to find oneself in JAIL.

Reader

How is that so when the law allowed one to?

3   mell   2012 Sep 22, 6:02am  

Reader says

E-man says

The quickest way to deleverage is to default on your debt.

IMHO it may also be the quickest way to find oneself in JAIL.

Reader

Unless you're TBTF and/or a politcian.

4   MisdemeanorRebel   2012 Sep 23, 11:29am  

The best way to force the deleverage is to stop banking with the big money center banks. Big Bank revenue streams comes disproportionally from account fees, and the bulk of those are ordinary consumer accounts. If we could all bank at a Credit Union, that would be a major blow towards forcing a reset. I used a credit union overseas and they actually charged me less than the big bank I was using in ATM and currency exchange fees.

5   American in Japan   2012 Oct 3, 11:38pm  

I agree with supporting credit unions.

Anyway I will be following this thread for awhile...

6   lostand confused   2012 Oct 3, 11:58pm  

I forget which company it was that went into bankruptcy , wiped out 90 billion + in debt off their balance sheet.

They came out and their executives still fly in corporate jets.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste