Moonglow
Diamond Member
well mine sure has declined
WASHINGTON (MarketWatch) Everyone knows America has too much debt. What they dont know is that things are getting better, not worse.
Little by little, our economy is reducing its debt burden, slowly repairing the damage caused by 10, 20 or 30 years of excess.
If you want to know why economic growth has been so tepid, heres your answer. Four years after the storm hit, the economy is still deleveraging. And its very hard for any economy to grow when everyone is focused on increasing their savings.
Total domestic public and private debt as a share of the economy has declined for 12 quarters in a row after surging over the previous decade.
U.S. debt load falling at fastest pace since 1950s - Yahoo! Finance
By Rex Nutting |
WASHINGTON (MarketWatch) Everyone knows America has too much debt. What they dont know is that things are getting better, not worse.
Little by little, our economy is reducing its debt burden, slowly repairing the damage caused by 10, 20 or 30 years of excess.
If you want to know why economic growth has been so tepid, heres your answer. Four years after the storm hit, the economy is still deleveraging. And its very hard for any economy to grow when everyone is focused on increasing their savings.
Total domestic public and private debt as a share of the economy has declined for 12 quarters in a row after surging over the previous decade.
U.S. debt load falling at fastest pace since 1950s - Yahoo! Finance
By Rex Nutting |