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Do you have numbers or references on the deleveraging point? I know that Google, Apple and Microsoft are sitting on vast cash reserves...but is this what is hap
by marvin 15y ago
Do you have numbers or references on the deleveraging point? I know that Google, Apple and Microsoft are sitting on vast cash reserves...but is this what is happening in the economy in general? If this is the case, then this is as far as I can tell good news. Debt serves a purpose, but if it causes systemic problems like we've seen in recent years then it should be kept low.
- justincormack 15y agoI recommend this paper for some numbers on the US, UK and Spain, and the different sectors. http://www.mckinsey.com/Insights/MGI/Research/Financial_Markets/Debt_and_deleveraging_The_global_credit_bubble_Update http://www.mckinsey.com/Insights/MGI/Research/Financial_Mark...