http://www.investmentpostcards.com/2009/11/21/prieur%e2%80%99s-readings-november-21-2009/ Prieur du Plessis’s international investment blog Sun, 29 Jan 2012 22:06:48 +0000 hourly 1 http://wordpress.org/?v=3.1.1 http://www.investmentpostcards.com/2009/11/21/prieur%e2%80%99s-readings-november-21-2009/comment-page-1/#comment-20288 Frank Lotrario Sun, 22 Nov 2009 03:34:23 +0000 http://www.investmentpostcards.com/?p=13998#comment-20288 I read many articles that state that 70% of the US GDP is made up of consumer spending. I also know that consumers have been accumulating massive amounts of debt over the past 25-30 years. This debt accumulation (credit cards, home equity loans, etc. ) obviously had to help fuel the recoveries from past recessions. Can you or anyone else offer any research showing if there were significant increases in consumer debt after previous recessions going back 25-30 years ? Wouldn´t this be a good indicator to give us an idea of how quickly we will be able to recover from this recession ? If consumer debt was a significant factor in helping us recover from previous recessions, this recovery is going to be slow and long because that money is no long available to most households. I hope someone can pass on some charts or research. It would be very helpful and appreciated !!!!............FL I read many articles that state that 70% of the US GDP is made up of consumer spending. I also know that consumers have been accumulating massive amounts of debt over the past 25-30 years. This debt accumulation (credit cards, home equity loans, etc. ) obviously had to help fuel the recoveries from past recessions. Can you or anyone else offer any research showing if there were significant increases in consumer debt after previous recessions going back 25-30 years ? Wouldn´t this be a good indicator to give us an idea of how quickly we will be able to recover from this recession ? If consumer debt was a significant factor in helping us recover from previous recessions, this recovery is going to be slow and long because that money is no long available to most households. I hope someone can pass on some charts or research. It would be very helpful and appreciated !!!!…………FL

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