Value Added: No Sign of Household Deleveraging
NewAmericanCont... - September 18, 2009 - 12:35pm
Yesterday the Flow of Funds data was released by the Federal Reserve and it shows little reduction of debt held by U.S. households.
Just a few days ago, we held a conference that focused on the private sector debt overhang, and from the looks of things we could hold the same conference at the end of the year or even in a year or two. Despite the nearly 60% equity rally and the $2 trillion increase in household wealth, households are still carrying a tremendous amount of debt...
