tag:blogger.com,1999:blog-11719208.post218989568333209165..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Consumer credit shrinkageTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11719208.post-38613345915447788282009-11-07T08:47:25.435-08:002009-11-07T08:47:25.435-08:00They save too much overseas. The central bank wan...They save too much overseas. The central bank wants to force US citizens into debt slavery to compensate for too much overseas savings. The central bank doesn't care that this will destroy the retirements of US citizens.<br /><br />The central bank is the enemy of US retirees and US savers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-81917102079565810902009-11-06T22:15:10.548-08:002009-11-06T22:15:10.548-08:00The great de-leverage reckoning is happening. Noth...The great de-leverage reckoning is happening. Nothing works like real pain. <br /><br />But a 2% drop, from 24% - 22%, is tiny. A long way to go before some semblance of sanity is reached. Like less than 10%.The Real Dealnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-69007220173777741202009-11-06T19:12:27.169-08:002009-11-06T19:12:27.169-08:00Shrinkage is bad no matter what and I advise avoid...Shrinkage is bad no matter what and I advise avoiding cold water situations.<br /><br />That said how can consumer credit contract while banking reserves almost equal all money in circulation?<br /><br />Nothing makes sense right now.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-9029742062574791892009-11-06T18:17:41.273-08:002009-11-06T18:17:41.273-08:00This is called a slow-motion implosion.This is called a slow-motion implosion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-88123305996563626442009-11-06T16:23:02.193-08:002009-11-06T16:23:02.193-08:00There was significant shrinkage.There was significant shrinkage.Anonymousnoreply@blogger.com