So much for a consumer led ‘borrowing to spend’ credit expansion? 6 years of 0 rates from the Fed hasn’t done the trick. Same in Europe. Nor over 20 years of same in Japan.
But these are all exceptions…
:(
NY Fed: Household Debt decreased
August 14, 2014 at 15:04 PM EDT
So much for a consumer led ‘borrowing to spend’ credit expansion? 6 years of 0 rates from the Fed hasn’t done the trick. Same in Europe. Nor over 20 years of same in Japan. But these are all exceptions… :( NY Fed: Household Debt decreased Slightly in Q2 2014, Delinquency Rates Lowest Since Q3 2007
