We’re 3 Years Into a 7+ Year Deleveraging Cycle, Says Andy Kessler

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Former hedge fund manager Andy Kessler, one of our favorites, believes that we are 3 years into a 7+ year consumer deleveraging cycle.  Andy writes: The blue is actual through the first quarter of 2010. The red is trendline and the transparent blue box is my estimate for household debt to get back to trendline. […]

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