Hope you can spend some time to read this very intuitive paper by Ray Dalio:
A Template for Understanding¡
­How the Economic Machine Works and How it is Reflected Now
Ray Dalio
Created October 31, 2008 | Updated October, 2011
Corporate's cash on hand is at a historical high level:
CORPORATE CASH HOLDINGS HAVE GROWN 59 PERCENT SINCE 2008 | The Wall Street Journal noted today that “non-financial companies in the Standard & Poor’s 500-stock index were holding $1.12 trillion in cash and short-term investments in their most recent reports, up 59% from $703 billion in the third quarter of 2008.”
ddd 发表于 2011-12-12 20:33
Deleveraging could be near an end. See what data below tells you.
两点评论：
1) Financial Obligations as a Percentage of Disposable Personal Income - this data does not count the default on the mortgages. In this situation, overall debts shift from individuals to the banks.
2) The picture does not reflect the other major player of the deleveraging process: banks.
狗仔卡
发表于 2011-11-6 11:54 PM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
