According to this article consumer debt is a good sign for the economy. The data given is from the FED's G-19 report. It shows a huge jump in consumer debt in the last 12 months. So does this mean the recession is over, or does it mean the bull run end is near? I can't find similar data for year prior to 2006 to see what exactly is a "healthy" level of consumer debt, but negative to near zero debt growth appears to be sign of recession. Thoughts? http://useconomy.about.com/od/demand/a/Average-Consumer-Debt-Statistics.htm
What is happening now are the seeds that will grow into the wipe out in the U.S. economy. No single reason will cause this but instead an alignment of lots of small things. The interest rates in the U.S. will soon rise and these loans will be one of many things that will strangle any recovery. A soaring U.S. dollar will damage exports and the overtaxing government will do the rest.
People have to borrow to make everyday living expenses....Recession over? I don't think so. Regards Errol 43
us propaganda machine is doing at its best. how can hugh private dept show a sign of a good working economy. show on real income and you will see the truth normally the stock market level gives you an answer to how good the future expection is. since 2008 nothing is true that is comming out of the us propadanda and its mainstreammedia
Lol @ the recession is over. RECOVERY hasn't even started. Have you seen the amount of printed money since 2008??? QE4 coming soon.
