Yes, the US public debt is temporarily frozen at the statutory debt limit (with the exception of fiscal shenanigan with public debt held by investors versus intragovernmental lending). The post Household Debt Growth YoY Now Equals Federal Public Debt Growth (Thanks To Debt Ceiling On Feds) was originally published at The Wall Street Examiner. Follow the money!
PBO projects household debt service ratio to reach 16.3 per cent in 2021 The post Vulnerability of indebted Canadian households to rise with rate hike, says PBO appeared first on Macleans.ca.
LONDON — Billionaire investor George Soros has warned that Brexit is a "lose-lose proposition" which will trap the UK into a spiral of growing household debt, collapsed consumer spending, and falling living standards. Soros, a Hungarian-American...Show More Summary
Sydney - Moody’s Investors Service cut the long-term credit rating of Australia’s four biggest banks, saying surging home prices, rising household debt and sluggish wage growth pose a threat to the lenders. Australia & New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank. Show More Summary
Low interest rate policies from The Federal Reserve have led to massive debt gorging by governments, households, corporations and even builders. The post Cleveland, Memphis, and Chicago Lead The Way … In Overbuilding Retail In Shrinking Markets was originally published at The Wall Street Examiner. Follow the money!
Despite weak spots, Bank of Canada still considers Canadian financial system resilient The post Hot real estate, high household debt create exposure to risk, says Bank of Canada appeared first on Macleans.ca.
Today's Water Cooler: Trump's big mouth, can the administration execute, Reality Winner, MA Dems, job openings, household debt, public option
By Kurt Kallaus – Consumer Credit Card default rates have “surged” to 4-year highs. Capital One reported its largest write off since 2011 due to credit card delinquencies. Discover Card loan loss provisions in the 1st quarter 2017 rose a whopping 38%...
Authored by Dambisa Moyo, published op-ed by The FT, Virtually every class of US debt — sovereign, corporate, unsecured household/personal, auto loans and student debt — is at record highs. Americans now owe $1tn in credit card debt,...Show More Summary
There are many ways to accumulate debt. Whether it’s student loans, personal debt, or something else, it affects millions of Americans. In the first quarter of 2017, US household debt has increased by $149 billion to $12.73 trillion — surpassing the previous record from 2008. Show More Summary
The post Quarterly Report on Household Debt and Credit appeared first on The Big Picture.
Remember that recent economic analysis that said Americans were more in debt than they've been in almost a decade? The bulk of that debt is housing related, but student debt also is a big contributor to the growing owing. HouseholdsShow More Summary
Let’s take a look at the second largest source of household debt (after mortgages): Student Loans. The post Student Loans Debt: The Bubble is Still Inflating was originally published at The Wall Street Examiner. Follow the money!
Household debt has reached a new all-time high, and while the data do not indicate an imminent economic collapse, the debt binge cannot endure forever. Total household debt reached $12.73 trillion as of March 31, eclipsing the previous record of $12.68 trillion set during the third quarter of 2008, the Federal Reserve Bank of New […]
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 macro... The post U.S. Show More Summary
On foot of my earlier post on U.S. household debt, it is worth mentioning another, much-overlooked in the media, fact concerning U.S. real economic debt crisis. This fact is a staggering one, even though it has been published a yearShow More Summary
On Wednesday, the New York Fed confirmed that Americans had finally reached a symbolic marker of recovery from the Great Recession: a new record for household debt. Americans personally owed $12.73 trillion at the end of March, an amount that finally surpasses the $12.68 trillion we owed in September of 2008, before the economy tanked. Show More Summary
Americans are, collectively, in more debt than ever, with college grads suffering the most. With the rise in interest rates, that trend soon could get a lot worse.
The New York Federal Reserve reports that U.S. household debt has surpassed the peak debt level of 2008 at $12.7 trillion.