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View Diary: Bloomberg: U.S. debt has shrunk to a six-year low (50 comments)

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  •  Try again, that's not what I'm saying at all (0+ / 0-)

    At no point do I claim savings is the only leakage, my only point was that enhanced private sector savings at a time when high unemployment is persistent and federal spending has been curtailed is a formula for disaster. Couple to that the drain from productive to financial assets and you have a bleeding wound. Only the Fed can close that gap but both sides of aisle reject such options as part of their debt hysteria. What's left? Beats me, but what we're doing is self-immolation.

    In terms of the economy and recovery, the only thing that hasn't recovered is the housing market. Once this gets going again, and it is slowly growing, the economy will be fine.
    Here you're joking, right? There is a thing called the labor market, and that continues to be decimated with the Sept 2012 U-6 is 14.7%.

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