Nov 28 2012

Deleveraging on good debt and ramping up on consumption debt – growth in auto loan debt, collection amounts, and revolving debt.

The grand US household deleveraging event continues as debt is paid off or more likely, wiped away via foreclosures and bankruptcies.  What is hidden in the deleveraging trend is the growth of debt in certain spending categories.  Keep in mind that not all debt is bad.  For multiple decades the US had a cautious lending […]

Jul 3 2012

The great deleveraging – US households see access to debt diminish. Housing affordability and reversion to the home price to family income ratio.

Households in the US continue to face a painfully slow process of austerity via debt deleveraging.  In a debt based system like the one we live in access to debt is viewed by many as access to money.  That is, your ability to finance a car, home, vacation, or even a college education is largely […]

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