Towle, W. Ray (contributor) - 2008
foreign component. We further disaggregate the private sector into the household and
corporate sectors.
At the end of 2007 …; household net worth declined in the last quarter of 2007 by about $500 billion; and, of course,
we still have bloated … that household borrow-
ing would continue its decelerating trend for the rest of this year, increase a bit during 2009, and …