The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (9852)	3/10/2004 1:24:32 PM
From: mishedlo	Read Replies (1) of 110194

Despite a complete lack of job growth, are households continuing to take on additional consumer debt comfortable in the fact that a significant turn in labor markets lies just ahead? Or is household leverage acceleration happening simply to meet basic living expenses for those caught in the unemployment maelstrom? In terms of this being an atypical economic recovery, the current period takes the cake in terms of the relationship between the payroll employment and consumer credit growth." People were able to spend only because of excess stimulus and tax cuts that have worn off. I suppose another round of refinancings can keep it all going for anothr 3-4 months but that is it. It is then lights out. If it is not lights out already. Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next