In the wake of the financial crisis, everyone has made efforts to deleverage their balance sheets, which has been a tremendous hindrance on economic growth.
"In the US, we consider this well-advanced for households, but more is needed in the government sector," write the analysts at Societe Generale. "Turning to Europe, we still see icy headwinds from
Here's a set of charts SocGen provided, which gives a snapshot of
Societe Generale |