Betting against deleveraging is probably not a smart thing to do. Not until it’s over…which is not until the leverage built up in the bubble era has been removed. And with total debt levels at 370% of GDP…and the government adding even more debt…we’re a long way from there.
June 10th, 2009 | Bill Bonner | 1 comment | Continued Our DR Global Editions: 
Saturday, March 20th, 2010
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2010-03-19 01:38 Most Comments
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Recent Comments
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Don't forget the delightful 60% increase in electricity prices for NSW - coming to a state near you! Will this ...
Don | 20Mar10 | More -
CA, oilprice and China
http://www.nytimes.com/2010/03/20/business/energy-environment/20saudi.html?pagewanted=1&hp
Ross | 20Mar10 | More -
Doesn't look all that good over there, does it Shoes?!~
""When people are on a bigger income, they tend to borrow ...
Biker Pete | 20Mar10 | More -
Over on the east side of Australia though.....
http://www.heraldsun.com.au/news/resurgent-victorian-housing-market-putting-borrowers-under-strain/story-e6frf7jo-1225843006608
Stillgotshoeson | 20Mar10 | More -
You're correct... I'm speaking 'in the present'. Given our situation, I think your assertion that I'm 'the grasshopper' in Aesop's ...
Biker Pete | 20Mar10 | More -
M3 data is not very accurate tho Prozac, it tends to overstate monetary inflation. Unfortunately I cant find any TMS ...
Anon | 20Mar10 | More -
Certainly a lot of contradictory information out there.
I strongly expect inflation, and biker Pets comments are real, as the ...
nick | 20Mar10 | More -
Thanks for the link Prozac.
lol look at m3 growth from January 2001 to January 2010. 168% rise !
I wonder ...
Anon | 20Mar10 | More -
confusion reigns for those who mix talking about price inflation with inflation.
The definition in this piece is the most accurate ...
prozak | 20Mar10 | More -
Biker Pete my good friend. You don't know what you are talking about.
The article is not talking about 'right now'. ...
Pete | 19Mar10 | More
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Don't forget the delightful 60% increase in electricity prices for NSW - coming to a state near you! Will this ...
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