Deleveraging Reality & Myth

(1) The long goodbye. (2) A 50% expansion. (3) The balance-sheet-recession theory. (4) Warsh and Druckenmiller weigh in. (5) Sympathy for the ideology, not its logic. (6) The deleveraging hypothesis also has some holes. (7) Financial sector has deleveraged and de-securitized. (8) Have households really deleveraged? It’s a complicated story. (9) Student debt depressing students and housing. (10) No shortage of nonfinancial business debt. (11) Leviathan lives on debt.