http://www.creditwritedowns.com/2009/08/does-personal-income-data-demonstrate-unbalanced-reflation.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 http://www.creditwritedowns.com/2009/08/does-personal-income-data-demonstrate-unbalanced-reflation.html#comment-56825 Brick Wed, 05 Aug 2009 07:58:00 +0000 http://www.creditwritedowns.com/2009/08/does-personal-income-data-demonstrate-unbalanced-reflation.html#comment-56825 Where I think many businesses have learnt their lesson about leverage and debt, I suspect there is a range of consumers who have not. The treasury seems to want to return things to their status quo and so it should come as no surprise that we are returning to the debt fuelled economy. The only thing standing between us and the next collapse will be the improvements in regulation and any lessons the banks have learnt. Will the current decision maker’s decisions be viewed in a similar light to those of Alan Greenspan by future generations or will they be hailed as rescuers. I don’t know, but personally I don’t like to see problems unaddressed and left for our children. Where I think many businesses have learnt their lesson about leverage and debt, I suspect there is a range of consumers who have not. The treasury seems to want to return things to their status quo and so it should come as no surprise that we are returning to the debt fuelled economy.
The only thing standing between us and the next collapse will be the improvements in regulation and any lessons the banks have learnt. Will the current decision maker’s decisions be viewed in a similar light to those of Alan Greenspan by future generations or will they be hailed as rescuers. I don’t know, but personally I don’t like to see problems unaddressed and left for our children.

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