Money and Finance
- Deleveraging, What Deleveraging? - The 16th Geneva Report On The World Economy
Link to report: Deleveraging, What Deleveraging? It is widely accepted that high levels of debt (of various forms) have played a central role in the 2008-09 global financial crisis, the 2010-12 euro crisis and many previous crisis episodes. The adverse...
- Hoisington Q1 2012 Letter
The standard of living of the average American continues to fall. Real median household income today is near the same level as it was fifteen years ago, a remarkable statistic since the debt to GDP ratio is 100 points higher (Chart 1). The cause of this...
- The Economy Can’t Grow With Debt - By Carmen M. Reinhart And Kenneth S. Rogoff
As public debt in advanced countries reaches levels not seen since the end of World War II, there is considerable debate about the urgency of taming deficits with the aim of stabilizing and ultimately reducing debt as a percentage of gross domestic product....
- Debt And Growth Revisited
Found via Simoleon Sense. With the advanced economies at a critical juncture, some economists are urging more fiscal stimulus while others argue that raising debt levels will stunt growth. This column presents the Reinhart-Rogoff findings on the relationship...
- Frbsf Economic Letter: U.s. Household Deleveraging And Future Consumption Growth
Thanks to Matt and Mike for passing this along. It seems the deleveraging process may take longer and be more painful than most people think (and certainly longer and more painful than much of the media portrays…..surprise, surprise). U.S. household...
Money and Finance
GR-NEAM Reflections: 07/01/2012 - Long Journey, Map Provided
Debt reduction in advanced economies will persist for years, but is underway in a number of cases. The latest data on the U.S. household sector confirms our long standing assessment that growth is essential to reducing debt loads relative to incomes. Most of the delevering of the U.S. household sector is occurring through growth of the denominator in the debt to GDP ratio, with the numerator--actual debt reduction--playing a minor role.
- Deleveraging, What Deleveraging? - The 16th Geneva Report On The World Economy
Link to report: Deleveraging, What Deleveraging? It is widely accepted that high levels of debt (of various forms) have played a central role in the 2008-09 global financial crisis, the 2010-12 euro crisis and many previous crisis episodes. The adverse...
- Hoisington Q1 2012 Letter
The standard of living of the average American continues to fall. Real median household income today is near the same level as it was fifteen years ago, a remarkable statistic since the debt to GDP ratio is 100 points higher (Chart 1). The cause of this...
- The Economy Can’t Grow With Debt - By Carmen M. Reinhart And Kenneth S. Rogoff
As public debt in advanced countries reaches levels not seen since the end of World War II, there is considerable debate about the urgency of taming deficits with the aim of stabilizing and ultimately reducing debt as a percentage of gross domestic product....
- Debt And Growth Revisited
Found via Simoleon Sense. With the advanced economies at a critical juncture, some economists are urging more fiscal stimulus while others argue that raising debt levels will stunt growth. This column presents the Reinhart-Rogoff findings on the relationship...
- Frbsf Economic Letter: U.s. Household Deleveraging And Future Consumption Growth
Thanks to Matt and Mike for passing this along. It seems the deleveraging process may take longer and be more painful than most people think (and certainly longer and more painful than much of the media portrays…..surprise, surprise). U.S. household...