Remember, Here's What's REALLY Killing The Recovery Dead In Its Tracks

View this email online | Add newsletter@businessinsider.com to your address book
		Tech Media Wall Street Markets Strategy Sports Lifestyle Travel Politics Latest Video Wednesday, June 1, 2011 Remember, Here's What's REALLY Killing The Recovery Dead In Its Tracks You can come up with all kinds of explanations for the fact that the recovery is fading: Japan, the Arab unrest, house prices, concerns over Europe, etc. In reality there's only one good answer: This isn't a business cycle, it's a balance sheet recession. And though there's been some deleveraging (thank you Federal spending), the consumer is still way too leveraged to have any new breathing room. In fact, to deleverage, the consumer has a lot more debt killing left to do. This chart of household debt as a percentage of personal income is crystal clear (via Krugman). Read » Also On Clusterstock Today: Guess How Much The Average Banker Divorce Settlement Costs Hugh Hendry Letter! Why He's Super-Bearish On Europe, And A Specific Commodity Company OMG: Arki Busson's Upcoming ARK Party Is Going To Be Insane The 19 Cities Where Home Prices Just Won't Stop Falling Advertisement CHART OF THE DAY: The Housing Double Dip Is "CONFIRMED" And There's No Relief In Sight CHART OF THE DAY: Goldman Is Now A Bigger Credit Risk Than Citigroup CHART OF THE DAY: The "Lake Wobegone" Market Share this: Buzz Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.