We've Managed a Beautiful Deleveraging

There is no beautiful deleveraging s economy as a whole. There is a beautiful dleveraging, if you like, for the household sector. The government has seen its debt o g p ratio going up. Also absolutely not true of the corporate sector and that has reached an all time high. But when you add the three bits together, it geared up. It didn't gear do at all. So well done to the us. Economy.