Thirteen years of ultra-loose monetary conditions, followed by the sharpest tightening cycle in 40 years, have wrought record household debt service payments (in orange below, courtesy of The Daily Shot) and a record low savings ratio (grey line) {chart} Year-over-year growth in consumer debt payments since 2020 (blue line below since 1986, courtesy of ...
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Mar 1, 2023, 2:47pm
Fundamental: Stress compounding at higher rates
Thirteen years of ultra-loose monetary conditions, followed by the sharpest tightening cycle in 40 years, have wrought record household debt service payments (in orange below, courtesy of The Daily Shot) and a record low savings ratio (grey line) {chart} Year-over-year growth in consumer debt payments since 2020 (blue line below since 1986, courtesy of ...
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