Nice charts. I think a lot of people are getting to the point where they are making the payments on their credit cards by borrowing more money, once that happens there is no way out except for chapter 7.
The overall rise in debt, I suspect, is part mortgage and consumer debt, part due to the proliferation of debt instruments that have become part of the financial scene. While the pile of new debt instruments bring their own worries, it is household, rather than financial sector debt, that is the worry from a straight debt perspective. Fed guys keep saying that the debt burden is not so bad (because it isn't at a record ?), but a good bit of it can become more burdensome as interest rates rise.
Wow. Thanks for the charts and analysis. It's good to see someone who's willing to look at the national economy without coloring everything with their particular agenda.
Nice charts. I think a lot of people are getting to the point where they are making the payments on their credit cards by borrowing more money, once that happens there is no way out except for chapter 7.
The overall rise in debt, I suspect, is part mortgage and consumer debt, part due to the proliferation of debt instruments that have become part of the financial scene. While the pile of new debt instruments bring their own worries, it is household, rather than financial sector debt, that is the worry from a straight debt perspective. Fed guys keep saying that the debt burden is not so bad (because it isn't at a record ?), but a good bit of it can become more burdensome as interest rates rise.
Wow. Thanks for the charts and analysis. It's good to see someone who's willing to look at the national economy without coloring everything with their particular agenda.
Wow.
Nice work & keep it up, I've bookmarked this site and will check it out regularly... that is if I don't get into the Kool Aid first.