Consumer Credit - We didn't deleverage

Monday, February 27. 2012

Posted by admin in Economy at 06:33 | Comments (0) | Trackbacks (0)

Consumer Credit - We didn't deleverage

At the end of 2008, our economy fell off the cliff. Debt levels were too high, housing prices were overvalued and the economy had just begun to unwind. The most recent G-19 release on Consumer Credit shows that we have returned to the same debt level that we were at in 2008. It does not bode well for the financial health of the consumer. Our solutions to the economic malaise does not reside in more debt - but reduced debt.

G-19 Consumer Debt - Dec 2011 - Thorsten Consulting Group

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