{"id":948,"date":"2013-03-08T17:00:51","date_gmt":"2013-03-08T22:00:51","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=948"},"modified":"2013-03-08T17:00:51","modified_gmt":"2013-03-08T22:00:51","slug":"americas-delevraging-cycle-is-ending","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2013\/03\/08\/americas-delevraging-cycle-is-ending\/","title":{"rendered":"AMERICA&#8217;S DELEVRAGING CYCLE IS ENDING"},"content":{"rendered":"<p>LEVERAGING is when a household or a business borrow money to spend or invest and there has been an increase in household credit debt from the 1950s until 2008.\u00a0 It means you are spending more than you bring in.\u00a0 DELEVERAGING is the opposite.\u00a0 It occurs when you pay off debt rather than take on more and that means you are spending less.\u00a0\u00a0 When the entire country deleverages, it means economic growth is going to be slow.\u00a0\u00a0 Economic growth will continue to be slow as long as the outstanding debt continues to shrink.\u00a0 Deleveraging does not happen often and when it does it is painful for the national economy.\u00a0 The good news is that the deleveraging cycle appears to be ending.\u00a0 As Americans spend then the economic output comes from consumption.\u00a0 Almost 65% comes from economic output.\u00a0 All this from Dr. Mark Dotzour, Chief Economist and Director of Research at the TX A&amp;M Research Center.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEVERAGING is when a household or a business borrow money to spend or invest and there has been an increase in household credit debt from the 1950s until 2008.\u00a0 It means you are spending more than you bring in.\u00a0 DELEVERAGING is the opposite.\u00a0 It occurs when you pay off debt rather than take on more [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/948"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=948"}],"version-history":[{"count":0,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/948\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=948"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}