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      06-14-2012, 03:21 PM   #10
txz4's Avatar

Drives: 2006 M coupe
Join Date: Oct 2010
Location: san antonio, texas

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Originally Posted by ScotchAndCigar View Post
And just as EvosM3 exits the forum, some good news comes along:

U.S. Debt Load Falling at Fastest Pace Since 1950s
I think your misunderstanding the article... The private debt has been shifting downward, this has been happening at the expense of public debt and consumer behavior. The more specific reason this is happening is two fold, 1) People pulling money out of markets, not taking on as much debt in the form of loans for purchases and new business and 2) the government keeping interest rates artificially low as ideliver pointed out, this pulls burden from the private (consumer) sector into the public.

Both of which is exactly what we could expect to happen after any recession.

Last edited by txz4; 06-14-2012 at 03:27 PM.