Wells Capital Management’s Jim Paulsen says consumers aren’t as strapped as some would have you believe, and may in fact be starting to show some “animal spirits” again. Paulsen tells Bloomberg that credit card delinquency rates have fallen significantly, debt service burdens for households are below historical averages, savings rates are near 20-year highs, and job creation is doubling its 2010 pace. He says we are moving into a sustainable economic recovery.

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