– Household Debt Reaches New Peak: A Very Deflationary Setup

Posted by on November 14, 2017 9:46 pm
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Categories: BEARISH

Aggregate household debt balances rose by $116 billion in the third quarter of 2017. As of September 30, 2017, total household indebtedness was $12.96 trillion. This increase put overall household debt $280 billion above its 2008 Q3 peak, and 16.2 percent above the 2013 Q2 trough.