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Rise in Household Debt Might Be Sign of a Strengthening Recovery


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2012 Oct 27, 12:10am   1,097 views  2 comments

by ChrisKolmar   ➕follow (0)   💰tip   ignore  

http://www.nytimes.com/2012/10/27/business/rise-in-household-debt-might-be-sign-of-a-strengthening-recovery.html?source=Patrick.net

“We’re not getting a tail wind. We’re losing a head wind,” said Mark Zandi, chief economist at Moody’s Analytics, who said of the deleveraging process for households and businesses, “It’s basically over.”

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1   bmwman91   2012 Oct 27, 2:17am  

We are doomed. So people are now borrowing faster than they are paying-off, which is the harbinger of "the good times" apparently. So we start another plainly obviously unsustainable economic cycle and rejoice? What. The. Fuck.

2   ChrisKolmar   2012 Oct 27, 3:03am  

LOL My thoughts exactly.

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