Ab-Norm-al Econ
Wednesday, June 22, 2011
US Debt Deleveraging Will Last Until 2020
This graph from Nomura Securities, based on Federal Reserve flow of funds data, tells a nasty story. Debt deleveraging will not put the US back onto its trend until 2020.
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment