The American economy has split in two: how averages of wealth and debt obscure the profound risks.
From bad to worse, hammered by retail sales and inflation.
This thermometer for discretionary spending is the first to react when consumers hit their limits.
But don’t blame the oil bust.
I hope the model is wrong.
Nearly half the millennials “likely” to leave.
“We think the industry is plateauing at some levels.”
Those who lost out on the Fed’s “wealth effect.”
Debt binge hits limit, with big impact on overall economy. Chilling charts.
After the credit bubble comes the credit bust.