Berk's Blog

Wow! – That’s Complex Evolutionary Deleveraging

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The bears have consistently warned us of a protracted recession due to the arduous consumer deleveraging that would take a long time, I don’t think they counted on it happening this fast.

From Business Week, change in household debt outstanding.

The Great Recession might be over a lot sooner than many think. Households have liquidated assets very fast to shed debt. They feel much less wealthy, but their anxiety must be waning. Good news none-the-less.