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Non-Tech : Another Investment forum

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Nov 5 4:00 PM EST

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From: TimF	9/3/2011 2:46:31 PM
	of 340

US Deleveraging Continues Steadily in Q2 Each quarter the New York Fed publishes estimates of total outstanding household debt and each quarter I use it to update the above graph of household debt divided by disposable personal income. The most recent quarter shows a pretty similar pace of deleveraging to the trend of the last few years (though Q1 was a partial hiatus). The conclusions haven't really changed: US household deleveraging is a slow, painful, but orderly process. It's likely to continue for a number of years more. It's a drag on growth but is not going to cause the end of the world as we know it. Posted by Stuart Staniford at 7:36 AM earlywarn.blogspot.com

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