tag:blogger.com,1999:blog-6616959642391988608.post8592546715822329378..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Household financial burdens continue to easeScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-34309717990600762792009-12-26T09:21:15.062-08:002009-12-26T09:21:15.062-08:00Phil: I don't think the data is available to a...Phil: I don't think the data is available to answer your question.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49971859001646157462009-12-25T12:32:30.261-08:002009-12-25T12:32:30.261-08:00Scott,
I wonder what this graph would show if you...Scott,<br /><br />I wonder what this graph would show if you left out the households with no access to credit on the bottom and those in the highest 5% of income on the top side? I think this would be a more meaningful analysis of how we are progressing as a nation.<br /><br />PhilPhilhttps://www.blogger.com/profile/13887192334166267772noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70699121926657362062009-12-24T10:07:44.348-08:002009-12-24T10:07:44.348-08:00Scott wrote: "But deficits can be fixed in wa...Scott wrote: "<i>But deficits can be fixed in ways that don't drag down households.</i>"<br /><br />"Can" is the important word here. Anything "can" happen, but given the incentives those that govern us have, I find it very unlikely. Hopefully, you're right and your optimism isn't just a fantasy.<br /><br />Scott wrote: "<i>I think it's too Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-92104481348577429742009-12-24T09:22:14.967-08:002009-12-24T09:22:14.967-08:00Bret: In the supply-siders' view, spending is ...Bret: In the supply-siders' view, spending is not what drives the economy. Saving more is not bad for growth, since it provides the wherewithal for businesses and risk-takers to invest, and it is investment that ultimately is the best driver of growth.<br /><br />Government finances are indeed in miserable shape, and that depresses everything. But deficits can be fixed in ways that don't Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13387964476758364602009-12-24T08:42:34.485-08:002009-12-24T08:42:34.485-08:00Easing financial burdens in good news in the longe...Easing financial burdens in good news in the longer term, but the slope of the graph basically indicates that people aren't spending as much now which isn't really particularly good news for the shorter term except...<br /><br />...the government and overall balance sheet isn't showing such good news. Indeed, if you consider government debt to ultimately be an obligation of Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3819109462163414232009-12-23T13:47:04.547-08:002009-12-23T13:47:04.547-08:00I don't think I would make that claim. I would...I don't think I would make that claim. I would instead note that the government has been intentionally shortening the maturity of its debt, thus exposing itself to rising interest rates, whereas the household sector has been doing just the opposite. The bulk of household debt is fixed rate (i.e., fixed rate mortgages), thus the housing sector is much less exposed to rising interest rates thanScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18461060976614513852009-12-23T13:28:52.627-08:002009-12-23T13:28:52.627-08:00Just a thought
Interest payments on public debt a...Just a thought<br /><br />Interest payments on public debt are lower today as share of GDP than they were at any moment in the last several years. Would you claim that financial burden of public debt is easier today than 2 years ago?<br /><br />I can not find a link out of my head but I am sure you can find it if you wantИгры рынкаhttps://www.blogger.com/profile/12001273098690387194noreply@blogger.com