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wall_rus

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wall_rus

Re: None

Wednesday, 09/09/2015 11:58:27 AM

Wednesday, September 09, 2015 11:58:27 AM

Post# of 10178
The Global Credit Supercycle: Full Frontal

by ZeroHedge • September 8, 2015

Over the past several years, one of the prevailing, if completely incorrect, conventional wisdom memes was that the US, and especially the private sector, had undergone a deleveraging and was ready to load up on debt again. This was wrong because as we showed over the years, the only deleveraging which US households underwent was due to defaults and nothing to do with voluntary debt reduction.

http://davidstockmanscontracorner.com/the-global-credit-supercycle-full-frontal/?utm_source=wysija&utm_medium=email&utm_campaign=Mailing+List+AM+Wednesday
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