g5000
Diamond Member
- Nov 26, 2011
- 127,175
- 70,924
- 2,605
The chief reason the economy is sluggish is because we have a massive public and private debt overhang. As long as we have that overhang, whenever there is a down cycle our economy is going to have a lethargic recovery..
The economy remains mediocre. Forget the talking heads, politicians and partisans, and pay attention to the yield of 10-year Treasuries.
Last month at this time it was at a ridiculously low 2.03%. As of this writing it's at 1.82%.
A foundation is there, but there is little dynamic pressure upwards.
.
Deleveraging our debts should be the number one priority.