Don’t look now, but MarketWatch’s Rex Nutting says the U.S. debt load is getting better, not worse. It was excessive debt – both private and public – that caused the 2008 financial meltdown. Years later we’re still de-leveraging, but it’s not as bad as it seems. In the 11 quarters since the recession officially ended, total domestic debt rose by $702B – just 1.4%. By contrast, in the 11 quarters before the recession began, those bubble years of 2005 – 2007, total debt increased by $10.7T – or 28%.
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Read more from the original source: Don’t look now, but MarketWatch’s Rex Nutting says the U.S. debt load is getting better, not worse. It was excessive debt – both private and public – that caused the 2008 financial meltdown. Years later we’re still de-leveraging, but it’s not as bad…