Consumers’ Ability to Carry Their Debt is What Counts
We all know that a global deleveraging process has been underway for some time now, and it is occurring at all levels – among governments, corporations, and in households as well. While statistics quantifying the debt situation in specific areas are helpful overall, some can be rather misleading. For instance, an oft-quoted statistic is the “stock of household debt” among US households. Right now, US household debt is historically high – both in absolute terms and when compared to household income. However, what often goes unsaid is) Read More
S&P 500 & Crises – keep your perspective
We’ve all heard it said “the stock market is a great investment over time”. It’s easy to say “yes, but”, especially in tumultuous times like these. But when the jitters and anxiety surface, it’s helpful to keep the historical perspective in mind. Read More