Sunday, June 4, 2017

Warren Mosler — Credit Check

The charts show it all went bad around November. And it continues to deteriorate with every passing week, with the latest data showing cars, housing, and employment decelerating accordingly.
Must have been some event that set it off? It was around the time of the election, but I can’t recall specifically what would set off something like this?
The Center of the Universe
Credit Check
Warren Mosler

2 comments:

djrichard said...

I'm guessing college debt is the only credit growth left in the consumer space. But that debt is financed by the Fed Gov rather than the commercial banks, so it doesn't show up on the latter's books. For that matter, don't believe college loans issues by the Fed Gov increase the monetary base either.

Michael Norman said...

It has stopped decelerating and he doesn't see it. He'll be the last to know.