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To get the economy moving, some economists are calling for a "great haircut," in which banks and...

Oct. 03, 2011 2:55 PM ETBy: Stephen Alpher, SA News Editor9 Comments
To get the economy moving, some economists are calling for a "great haircut," in which banks and bondholders agree to a nationwide easing or even forgiveness of consumer debt. Household debt has fallen since 2007 from 100% of GDP to 90%  - a nice reduction, but still a heavy weight hanging over the economy.

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