Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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To: zzpat who wrote (5289)	12/14/2017 1:49:38 PM
From: robert b furman	Read Replies (1) of 26788

Hi zzpat, I've seen conflicting info and interpretations on consumer household debt levels. The reduction of loans may well be supportive that the American consumer has been reducing their household debt exposure. I know I eliminated my margin completely and have never looked back. Since the great recession, the American consumer has had the heck scared out of them. I remember as a little boy in the 1950's my parents talking about their parents. They used to say "They went thru the depression and they think differently". The great recession caused many traumatic house repo's and loan defaults - I believe it was traumatic enough to scare most from excessive future debt levels - more so the closer we get to 2008 and as time heals wounds - it may slowly return to normal (that being the American consumer loves as much debt as allowed). Having sold automobiles for the majority of my life - I can vouch for that viewpoint being reliably true up until 2008. A more conservative American consumer is a more reliable and stable consumer. May be a very good thing as it marks our now long and slow reflation period of very slow growth - makes sense to me. Bob

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