[sopwith]

This sounds fishy need some input.

[Stirner]

To the extent we are deleveraging, it results from debts being defaulted on. The savings rate went up in 2008 and 2009, but is back down to almost nothing.

[Pearls Before Swine]

This sounds fishy need some input.

The chart shows a bit under 4 trillion in debt. I think he might be talking about private and corporate debt, and deliberately confusing the corporate with public. Yes, these sectors are deleveraging, but it's being picked up by the government.

Government debt--explicit debt--is 16 Trillion bucks. That doesn't count the actuarial debt of committed payouts for Medicare, Medicaid, and Social Security--which makes it more like $100 Trillion.

Isn't Rex Nutting the nutter who claims that Obama has spent less than previous presidents, and who promoted that by counting a bunch of Obama spending as Bush's to create an artificially high baseline?

[ColdOne]

It is BS!

[Bernard Marx]

This sounds fishy need some input.

It is fishy. Here's your input:

Nutting's a Nutter

[wizwor]

Here’s your input: People defaulting on mortgages+people renegotiating credit card debt+people filing for bankruptcy=lower private debt

At the same time, banks are not handing out subprimes like obama phones.

Naturally, the result of this is lower growth. The government’s response to this is more easing to encourage the banks to reignite the subprime engine.

The real story here is what would have happened if the government had stayed on the sidelines? Let’s face it, the Obama administration has faught self imposed restraint at every turn. Had the government not intervened, savers could have purchased nice homes with five or ten year mortgages, been out of debt before their kids were ready for college, and had plenty of time to save for retirement.

[SampleMan]

It’s based on counting a bad mortgage as a loss of debt, but of course, someone still has that debt or lost capital.

[Errant]

You mean smells fishy. Like a fish rotting from the head first, so will centrally controlled economies/markets. Consumer debt is decreasing for a number reasons but government debt is skyrocketing. It's what's driving inflationary increases in the cost of food, health-care, energy, education and anything else an out of control government must continue to provide to its dependents.

Eventually we will see price controls and shortages of essential goods and services at a time when our currency becomes worth less and less.

I could go on, but I wouldn't want to depress ya...

For a more detailed explanation, I recommend the following:

The Source of High Inflation: Government Spending

Btw, I recently saw where GA sales have fallen over 400%.

[Hot Tabasco]

This sounds fishy need some input.

It's predictable, just like the falling unemployment rate and the soaring housing market. The closer to November we get, the better things are going to be.......