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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: bart13 who wrote (120802)7/14/2016 12:44:50 AM
From: John Vosilla  Read Replies (2) of 218633
 
I'm also far from certain that we haven't already completed private deleveraging, as a quick glance at both real estate lending and credit card borrowing will show, as well as total credit stats.

Yeah it's over on the mortgage side. Total mortgage debt now well below the last peak with those who held on paying down a lot of principal as the years go by and foreclosure activity any way you measure it is at over a ten year low.. To counter that we have auto debt, credit card and student loan debt steadily climbing at new highs. However total consumer debt is less than half of mortgage debt. Lots of homeowner equity to be tapped which along with new fiscal spending next administration in a very low rate environment keeps the party going a few more years?
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