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Just recently, Rex Nutting penned an opinion piece for MarketWatch entitled "Consumer Debt Is Not A Ticking Time Bomb." His primary point is that low per-capita debt ratios and debt-to-dpi ratios show the consumer is quite healthy and won't be the primary subject of the next crisis. To wit:
"However, most Americans are better off now than they were 10-years ago, or even a few years ago. The finances of American households are strong.
But, that's not what a lot of people think. More than a decade after a massive credit orgy by households brought