> The Economist wrote:
>
> >Optimists retort that private-sector balance sheets look healthy,
> >because the increase in debt has been more than matched by increased
> >assets.
>
> I've never understood this argument.
I think they mean that optimists aren't as concerned about spiraling debt if the money is used to purchase assets (as opposed to spending it on crack I suppose).
When they say "private-sector" they don't mean your Chase line-o-credit.
/jordan