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Strategies & Market Trends : BAK - Investing

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To: normlasky who wrote (2646)5/13/2012 8:27:01 PM
From: hdl  Read Replies (1) of 3249
 
Re: JPM

Federal Reserve shows consumer debt including auto leases is down about 20% in relation to disposable personal income over last several years.

most of reason debt is down - is not because it was paid, but because it was wiped out.

yet, this is taken as progress.

like greece giving its creditors a haircut.
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