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<blockquote data-quote="Nesikep" data-source="post: 1655433" data-attributes="member: 9096"><p>It was shown that gov't debt isn't what precipitates recessions, it's consumer debt and earning/debt ratio</p><p>Back in 1943 there were far more people with no debt at all, and those that did have debt had a better earning to debt ratio..</p><p>Look at the high interest rate times of the 1980's (20%!!!) and the recession that caused... but in 2008, even with low interest rates people were paying a greater portion of their disposable income toward debt and mortgages, I don't imagine the last 12 years that's improved that at all.</p><p>This is an australian site, but the fundamentals and the analysis applies everywhere</p><p>[URL unfurl="true"]https://www.whocrashedtheeconomy.com/blog/2015/03/australian-households-too-indebted-and-ill-prepared-for-upcoming-crisis/[/URL]</p><p></p><p>If the economy was actually healthy, we could afford to have interest rates that stifle inflation</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1655433, member: 9096"] It was shown that gov't debt isn't what precipitates recessions, it's consumer debt and earning/debt ratio Back in 1943 there were far more people with no debt at all, and those that did have debt had a better earning to debt ratio.. Look at the high interest rate times of the 1980's (20%!!!) and the recession that caused... but in 2008, even with low interest rates people were paying a greater portion of their disposable income toward debt and mortgages, I don't imagine the last 12 years that's improved that at all. This is an australian site, but the fundamentals and the analysis applies everywhere [URL unfurl="true"]https://www.whocrashedtheeconomy.com/blog/2015/03/australian-households-too-indebted-and-ill-prepared-for-upcoming-crisis/[/URL] If the economy was actually healthy, we could afford to have interest rates that stifle inflation [/QUOTE]
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