19/5/17: U.S. Household Debt: Things are Much Worse Than Headlines Suggest
trueeconomics.blogspot.com / Constantin Gurdgiev / May 19, 2017
Those of you who follow this blog know that I am a severe/extreme contrarian when it comes to median investor perceptions of the severity of leverage risks. That is to say, mildly, that I do not like extremely high levels of debt exposures at the macroeconomic level (aggregate real economic debt, which includes non-financial corporations debt, household debt and government debt), at the financial system levels (banking debt), at the microeconomic (firm) level, and at the level of individual investors own exposure to leverage.
With this in mind, let me bring to you the latest fact about debt, the fact that rings multiple bells for me. According to the data from the U.S. Federal Reserve, household debt in the U.S. has, as of the end of 1Q 2017, exceeded pre-2008 peak levels and hit an all-time high by the end of March.
Let’s crunch some numbers.
The post 19/5/17: U.S. Household Debt: Things are Much Worse Than Headlines Suggest appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/21/19517-u-s-household-debt-things-are-much-worse-than-headlines-suggest/
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