Commodity Trade Mantra

Posts Tagged ‘American Consumer’

American Consumer Debt Over $4.1 Trillion - Last Debt Bubble Peak was at $2.5 Tn

Americans are now borrowing & spending at record levels. Consumer debt being over $4.1 trillion is troubling when student debt, auto loans & credit cards are leading the way forward. Apparently we like repeating history & people may like to forget that at the root of the Great Recession was a giant credit bubble. Even at the peak of the last debt bubble, consumer debt totaled roughly $2.5 trillion.

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