Comments on: Debt Snowballers Rejoice: Consumers Bust Debt by record $21.6B in July http://www.fiscalgeek.com/2009/09/consumer-debt-cut-by-record-21-billio/ Personal Finance for Geeks from the Debt Snowball to Homemade Air Conditioners Sun, 05 Feb 2012 16:55:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: paulhttp://www.fiscalgeek.com/2009/09/consumer-debt-cut-by-record-21-billio/#comment-872 paul Wed, 09 Sep 2009 17:06:03 +0000 http://www.fiscalgeek.com/?p=869#comment-872 Some of the analysts feel it's that consumers aren't taking on any new car loans gearing up for the Cash for Clunkers program, but I think that might only be a small part of it, I honestly believe the nation has made a shift, we'll just see how long it lasts. <a href="http://www.latimes.com/business/la-fi-consumer-debt9-2009sep09,0,5553432.story?page=1" rel="nofollow">LA Times</a> has a good article about it, and they included an interview with me about my debt reduction story. Some of the analysts feel it’s that consumers aren’t taking on any new car loans gearing up for the Cash for Clunkers program, but I think that might only be a small part of it, I honestly believe the nation has made a shift, we’ll just see how long it lasts. LA Times has a good article about it, and they included an interview with me about my debt reduction story.

]]> By: Craighttp://www.fiscalgeek.com/2009/09/consumer-debt-cut-by-record-21-billio/#comment-870 Craig Wed, 09 Sep 2009 15:29:09 +0000 http://www.fiscalgeek.com/?p=869#comment-870 What's the reasoning behind this? Has to be more than just people paid off more debt? I'm curious whats behind the scenes with this number. What’s the reasoning behind this? Has to be more than just people paid off more debt? I’m curious whats behind the scenes with this number.

]]> By: Rick Vaughnhttp://www.fiscalgeek.com/2009/09/consumer-debt-cut-by-record-21-billio/#comment-861 Rick Vaughn Wed, 09 Sep 2009 03:16:07 +0000 http://www.fiscalgeek.com/?p=869#comment-861 How can you not be excited? Hopefully, people are starting to wise up but you never know. That's great that Americans are doing this but we need to government to follow suit. Thanks for the good news! .-= Rick Vaughn´s last blog ..<a href="http://thetruthofcredit.com/2009/09/more-money-more-problems/" rel="nofollow">More Money, More Problems?</a> =-. How can you not be excited?

Hopefully, people are starting to wise up but you never know. That’s great that Americans are doing this but we need to government to follow suit. Thanks for the good news!
.-= Rick Vaughn´s last blog ..More Money, More Problems? =-.

]]> By: MoneyEnergyhttp://www.fiscalgeek.com/2009/09/consumer-debt-cut-by-record-21-billio/#comment-857 MoneyEnergy Tue, 08 Sep 2009 21:46:50 +0000 http://www.fiscalgeek.com/?p=869#comment-857 It's a really good improvement, that's for sure.... they say 70-75% of the American economy is led by consumers, i.e., the spending of US citizens, but as you point out, citizens are producers too. Both sides of the balance sheet count. Eliminating debt might shrink nominal GDP numbers in the short term but will provide a more accurate and robust representation of growth, too. No matter which way you slice it, it is necessary and a good sign of improvement. .-= MoneyEnergy´s last blog ..<a href="http://feedproxy.google.com/~r/moneyenergy/~3/nrL7PiO9Ai0/" rel="nofollow">5 Stocks I Wish I Hadn't Bought</a> =-. It’s a really good improvement, that’s for sure…. they say 70-75% of the American economy is led by consumers, i.e., the spending of US citizens, but as you point out, citizens are producers too. Both sides of the balance sheet count. Eliminating debt might shrink nominal GDP numbers in the short term but will provide a more accurate and robust representation of growth, too. No matter which way you slice it, it is necessary and a good sign of improvement.
.-= MoneyEnergy´s last blog ..5 Stocks I Wish I Hadn’t Bought =-.

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