Consumer Credit Jumps By Most In 10 Years

| January 9, 2012

Yep, everybody and their brother are out buying things…the mystery is, that the consumer is re-leveraging while most of their assets are deflating fast.  This will be double trouble.  PIMCO, Bridgewater and Soros have recently been warning about this. Heads up…the just released G.19, aka Consumer Credit  data from the Fed shows a stunning November in which U.S. households borrowed […]

The Consumer Predicament Means Years In The Dog House

| December 17, 2011

The U.S.consumer debt situation remains a major problem and is far from its normal boundaries.  It will remain so for some time to come, and we mean years! Here’s an updated look at the U.S. consumer. During the housing boom, consumer leverage rose at nearly twice the rate of corporate and banking leverage. Even after all the […]

Household Debt Accelerating Once Again, But At A Much Slower Pace Then Before!

| March 19, 2011

Defaults have lopped $822 billion off U.S. household debt since mid-2008!  These loans were not payed off, but it looks that way with many of the statistics….. One of the puzzles of the recovery has been how U.S. households have managed to shed some $658 billion in mortgage, credit-card and other consumer debt over the past two and a […]

The Consumer And Debt

| September 11, 2010

If not for record low interest rates, the Debt Service Ratio chart below would look a lot different! The consumer, and why the expectation (and reality) of deflation will keep U.S. buyers subdued, and continue to make the US economy ever more reliant on the government’s transfer payment, aka welfare, program. A very simple illustration of the […]

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