My Mind on Mortgages

Back in September 2008 I wrote this post on household deleveraging.  Although I haven’t posted on this subject in a while it is clear that the trend continues. In this morning’s WSJ this article is featured entitled “Drought of Credit Hampers Recovery“.  In the article the authors explain that consumer debt (i.e. auto loans, credit [...]

Gary Shilling wrote this piece for Forbes.com on the topic of deleveraging.  I began blogging about this topic back in September because I believe virtually all households and businesses will need to look for ways to deleverage over the course of the next few years.  Furthermore, in 20 years from now I believe we’ll look [...]

I blogged about the process of “deleveraging” balance sheets for US households back in September and October.  Deleveraging is the process of US households reducing their debt and hopefully increasing their assets. For the past few years US households “leveraged” themselves by borrowing money on easy credit qualification.  Not only did US households engage in [...]

Back on September 29th I wrote this post regarding the concept of “deleveraging”.  Over the past few decades American households and corporations were addicted to debt.  We used credit cards, home equity lines of credit, mortgage loans, auto loans, etc. to accelerate our consumption. However, our unabated use of debt lead us to where we [...]

The Economist featured this great article today about the fact that not only financial firms but businesses and individual households will be forced to deleverage over the course of the next few years. Among the points that I found interest in: *In the near term delveraging of banks, hedge funds, and households will likely depress [...]