In 2008 I posted Ron’s paper on Peak Debt. He recently extended his work, in a new paper called Peak Debt and Income.
Once again, I’ve got a piece up at Wise Bread that provides an overview of paper:
Laszewski creates a simple model of the economy as a tool for investigating the question of how to get household balance sheets back in order after suffering the problems diagnosed in the earlier Peak Debt paper…
Really, though, you ought to read the paper. (The math in this one isn’t as tricky as the math in the original Peak Debt paper.)