American homeowners have learned a lesson, despite what banks and the Fed want them to do.
But back to “normal” hurts after a good run.
The Risks of American Consumer Debt Hide Beneath the Averages.
But the US government got them all beat.
Consumer exuberance maxed out last summer and has since changed direction.
“A development that is surprising during a strong economy and labor market”: New York Fed
Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot.
Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up.
But for the markets: “No Data is Good Data”
So what’s going on here?