Via Zerohedge. Data is a bit dated (2010). From Citi. Doesn't look like the bottom 80% have much room to lever up. This is why I find it hard to believe there will be a sustained recovery in the US. Imagine what would happen if the Fed were to raise rates? Pretty much what I surmised.
10/4/2013 06:13:57 am
Perhaps depends upon definition of "sustained recovery".
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