These ratios show the percent of disposable personal income (DPI) dedicated to debt service (DSR) and financial obligations (FOR) for households....
This data has limited value in terms of absolute numbers, but is useful in looking at trends.Combo of low rates and deleveraging. No credit boom on the horizon. Fed reports inflation trending down too. Housing starts remain weak but increasing slowly. Tepid recovery continues.
Calculated Risk
Fed: Household Debt Service Ratio near lowest level in 30+ years
Bill McBride
1 comment:
Yes, because of foreclosures!!!
Some good news, huh? Similar to "The patient isn't bleeding as much because the patient is dead!"?
What were our ancestors thinking when they designed a money system based on usury for stolen purchasing power? That God was dead and they would not be called to account? Dead or not, He refuses to be mocked, it seems.
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