What Deleveraging !

Monday, October 15, 2012 Francisco Carneiro 0 Comments

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From SLJ market letter, Stephen L Jen & Fatih Yilmaz

 Overall leverage in DM at an historical high.  Contrary to the popular presumption, total debt leverage - defined as household debt, financial sector leverage, corporate debt, and government debt – has actually increased in most developed countries since the Great Recession in 2008.


Source:  McKinsey Global Institute and SLJ Macro Partners


My Comment: Well if the deleverage process did not begin  i guess deflation will come.


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